White House ousts GM chief - Mar 29, 2009 - HISTORY.com

On March 29, 2009, Rick Wagoner, the chairman and chief executive of troubled auto giant General Motors (GM), resigns at the request of the Obama administration. During Wagoner’s more than 8 years in the top job at GM, the company lost billions of dollars and in 2008 was surpassed by Japan-based Toyota as the world’s top-selling maker of cars and trucks, a title the American automaker had held since the early 1930s.