After much debate and controversy General Motors and Chrysler got the government bailout/loan that they were looking for. With the first $4-billion installment already handed over to GM they’ve released this statement.
GM has received the first tranche of $4B from the Federal Government and we look forward to working with the government on all elements of the loan agreement and our viability plan. We appreciate the Administration extending a financial bridge to GM at this critical time for the U.S. auto industry.
GM remains committed to providing great cars, trucks and crossovers, as well as leading technologies, to our customers. We are committed to successfully executing the plan we submitted on December 2 and remain confident in the future of General Motors.
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Published January 1, 2009 by Zane Merva
Filed Under: Business & Finance, News