GM boss willing to step aside

General Motors Corp. Chief Executive Officer Rick Wagoner signaled that he might step aside, should he be asked to resign as a condition for the biggest U.S. automaker to receive federal aid.

"I'll always do what's right for the company," Wagoner said Wednesday in a Bloomberg Television interview. "But even more critical during a difficult time period is having the best possible management team. We have a good team at GM. That's not what I would recommend."

Wagoner, 55, spoke in Washington after testifying to a U.S. House committee with CEOs Alan Mulally of Ford Motor Co. and Bob Nardelli of Chrysler LLC to drum up support for a $25-billion rescue plan for the auto industry.