Obama's Unprecedented Move: Gov't Guarantees GM And Chrysler New Car Warranties, GM's CEO Steps Down

Obama's lays out his vision of the U. S. auto industry on Monday, helping reshape GM and Chrysler, who are both seeking government assistance to weather the rough roads ahead. Inside sources have revealed that the President plans on backing the warranties of all of GM and Chrysler vehicles on the road today in order to maintain consumer confidence, while both companies restructure. Added to the drama, Obama forced GM's CEO to step down. To read more about this unprecedented move, click here.