The Obama administration asked GM CEO Rick Wagoner to step down, according to numerous reports.

According to Politico:

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported his immediate departure, without giving a reason.

And the Wall Street Journal adds more details:

Mr. Wagoner was asked to step down on...