www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> GM Goes Bankruptcy
Obama: Nationalization of GM to be short-term
(Agencies)
Updated: 2009-06-02 15:05

WASHINGTON -- US President Barack Obama ushered General Motors Corp. into bankruptcy protection Monday and put the government behind the wheel of the company that once symbolized American economic muscle.

The fallen giant, the largest US industrial company ever to enter bankruptcy, is shedding some 21,000 jobs and 2,600 dealers. Sparing few communities, the retrenchment amounts to one-third of its US work force and 40 percent of its dealerships.

Obama: Nationalization of GM to be short-term
An American flag flies in front of the General Motors, Global Headquarters in Detroit, Michigan, Monday, June 1, 2009. [Agencies]


"We are acting as reluctant shareholders because that is the only way to help GM succeed," Obama said of the temporary nationalization of the 100-year-old company.

Obama lauded what he called a "viable, achievable plan that will give this iconic American company a chance to rise again" as GM followed Chrysler LLC into bankruptcy court. Of Detroit's "Big Three" automakers, only Ford Motor Corp. has avoided bankruptcy restructuring and has not taken federal bailout money.

The prepackaged GM bankruptcy deal -- crafted by the administration, the company, the United Auto Workers union and a group of bondholders -- would give the US government a 60 percent controlling stake in what was once the world's largest automaker. An additional 12.5 percent would be under Canadian government ownership.

"What I have no interest in doing is running GM," Obama said. His only goal, he said, was to get GM back on its feet and then "to get out quickly."

Yet, the US could end up holding the shares for some time.

Neither Obama nor his spokesman offered an indication of how long the government's involvement with GM would last. "I don't know that there is a timeline," said Robert Gibbs, the White House press secretary.

Special Coverage
Global Auto Industry Woes

Related readings:
Obama: Nationalization of GM to be short-term GM aims for restart as Chrysler gets green light
Obama: Nationalization of GM to be short-term Auto icon GM files for bankruptcy
Obama: Nationalization of GM to be short-term GM to cut 14 plants by 2012, reaffirming to build small car in US
Obama: Nationalization of GM to be short-term GM's bankruptcy no substantial impact on Shanghai JV

Obama: Nationalization of GM to be short-term GM to reorganize in government-led bankruptcy

"He has a strong obligation to ensure that there is a management structure in place that is making smart business decisions," Gibbs said. "Is the president going to thumb through engineering reports and each page of the annual report? No."

Steve Rattner, head of the president's auto task force, later told reporters: "We don't have a specific timetable, we don't have a specific deadline."

"The outcomes are driven heavily by things that are outside our control, particularly market conditions, car sales, overall economy and obviously the performance of this company," Rattner said. He said the government would retain the right to vote its share on major matters such as mergers or acquisitions but that day-to-day operations "are all going to be left to management."

With the US on track to be GM's new owner, the road ahead for the troubled automaker was an uncertain one -- with a heavy potential for conflicts and many risks for taxpayers.

"The agreement may buy some time, but does nothing to ensure GM's success," said House Republican Leader John Boehner of Ohio. "The only thing it makes clear is that the government is firmly in the business of running companies using taxpayer dollars."

Longtime consumer advocate Ralph Nader, an early critic of General Motors, said on CNBC that the new arrangement may give GM a clean slate, but it also could become "a political boomerang for President Obama."

   Previous page 1 2 Next Page  

主站蜘蛛池模板: 狠狠色狠狠综合久久 | 欧美一区二区aa大片 | 午夜精品影院 | 亚洲午夜免费 | 国产成人午夜精品免费视频 | 国产精品国产三级国产在线观看 | 欧美大胆a| 国内精品成人女用 | 国产三级中文字幕 | 日韩一级影院 | 亚洲 自拍 另类 欧美 综合 | 91成人免费观看网站 | 99爱视频精品免视看 | 久久亚洲高清观看 | 国产欧美日韩在线一区二区不卡 | 久久福利青草精品资源站免费 | 久久999精品 | 亚洲国产日韩欧美高清片a 亚洲国产日韩欧美在线 | 美女张开腿让男人桶的 视频 | 亚洲成人毛片 | 德国女人一级毛片免费 | 毛片一区 | a毛片全部免费播放 | 中文字幕福利片 | 台湾三级在线播放 | 99热r| 老司机亚洲精品影院在线 | 自拍偷拍亚洲区 | 深夜国产成人福利在线观看女同 | 91欧美视频 | 欧美成人精品 | 美女张开腿给男生桶下面视频 | 亚欧色视频在线观看免费 | 黄网站www | 一级毛毛片毛片毛片毛片在线看 | 久草资源在线播放 | 国产九九精品 | 国产高清免费影视在线观看 | 久久er热视频在这里精品 | 欧美一区二区三区视频在线观看 | 国产亚洲欧美日韩在线观看不卡 |