On Monday, President Obama announced he was rejecting the restructuring plans offered last month by General Motors and Chrysler. He’s also firing GM CEO Rick Wagoner. How is the auto industry reacting to both stories? What do they see as the end result of all this compliance with Washington? Will we see them filing for bankruptcy after all or jumping through government hoops for the foreseeable future? What will the new plans look like after heavy government involvement? We ask Marty Padget, executive editor at thecarconnection.com.
