Shanghai, March 31 (Gasgoo.com) General Motors CEO Rick Wagoner was reported to step down immediately at the request of the White House, a sign of major changesin the auto giant but GM said the move would have noimpact on itsoperations in China.

The chairman and chief executive of General Motors, Rick Wagoner, resigned Sunday as part of an agreement with the Obama administration to save the ailing auto giant, according to sources familiar with the situation.

General Motors, which has already borrowed $13.4 billion from the federal government and is seeking billions more, announced on Thursday that its independent auditors have noted that the company's survival is in “substantial doubt.”

General Motors faces a Tuesday deadline to present a viability plan to the U.S. government as a condition of the loans it has been given; according to the WSJ (sub. required) one option it is weighing is Ch. 11 bankruptcy.

One week before a deadline to submit a restructuring plan to the government, which it must do to keep billions of dollars in loans, General Motors said that it would lay off 10,000 salaried workers worldwide this year.

GM Asia Pacific sales volume grows 3 percent; Chevrolet sales in China grows 16 percent to nearly 200,000 vehicles; 1.09M vehicles sold in China sets record with 6 percent volume growth

The all-new CTS-V ‘supersaloon’ – the most powerful Cadillac ever – is available from February 2009.

Since going on sale in 2007, the Captiva SUV has become very much the figurehead of Chevrolet’s model range. In fact, you could say it has become something of an icon…

Aston Villa Football Club has been making the most of the eight Vauxhall Commercial Vehicles currently in use at their Villa Park stadium and Bodymoor Heath training ground.

As Americans celebrate the inauguration of a new president of the United States next week, another new Cadillac will grace Pennsylvania Avenue to lead the proceedings.

General Motors Latin America, Africa and Middle East (GM LAAM) region posted an all-time sales record in 2008, selling over 1.276 million vehicles, up 40,000 units over 2007, representing a 3.2 percent growth rate. In addition, LAAM’s market share increased to 17.1 percent for the year.

General Motors today provided an update on company restructuring efforts included in the viability plan submitted to the federal government last month, and announced more conservative industry volume planning assumptions to ensure the viability plan is successful even in the most challenging of markets.