May 23rd, 2009 - Bloomberg
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May 23 (Bloomberg) -- President Barack Obama said GeneralMotors Corp. will reemerge from financial turmoil a “strongcompany” and that permitting it and Chrysler LLC to collapsecould have triggered an economic depression.
GM got $4 billion in additional assistance to continueoperations, the U.S. Treasury Department said yesterday. Theassistance brings to $19.4 billion the total GM has receivedfrom the government so far, according to a Treasury Departmentdocument.
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Mr Obama has been tough on the carmakers after huge bailouts President Barack Obama says he hopes US carmakers will come out "leaner and meaner" from their financial troubles.
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WASHINGTON – President Barack Obama says he hopes both GM and Chrysler emerge from their restructuring as "leaner, meaner" companies that are more competitive. He...
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May 23rd, 2009 - Reuters
* Government hopes to pull out of GM after recession-Obama * Obama says restructuring should make GM 'leaner, meaner' * Obama predicts jump in U.S. auto sales after recession WASHINGTON, May 23 (Reuters) - U.S...



