President Obama Making Comments On GM (GM) And Auto Companies

Currently, Obama is speaking about the auto companies and the General Motors (NYSE: GM) bankruptcy. Below are some of his comments from his speech.

• Collapse of auto companies would have been devastating.
  
• Auto companies faced crises that were decades in the making.
  
• The Government is making these investments to protect our tax dollars.
  
• The Government is acting as "reluctant shareholders."
  
• U.S. Government has no interest in running GM.
  
• Chrysler bankruptcy was completed in 31 days, experts were wrong.
  
• Unsecured bondholders are getting an equitable outcome.
  
• GM is much more complex than that of Chrysler.
  
• We now have a credible GM plan full of promise.
  
• "Viable, achievable" plan gives GM chance to rise again.
  
• He thanked governments of Canada and Germany for helping out.
  
• Obama added, he refused to let the auto companies become wards of the state.
  
• He highlighted that the Chrysler-Fiat merger, saved tens of thousands of jobs.

You May Also Be Interested In

• General Motors (GM) CFO: Expect to return to profits in Q2 in China
• AERWINS Technologies (AWIN) Receives Additional Staff Delisting Determination
• General Motors (GM) PT Raised to $30 at Wells Fargo