Following Chrysler’s meeting with Obama’s auto team yesterday, General Motors today wrapped up a 6-hour meeting with members of U.S. Treasury Department and the White House National Economic Council. GM’s CEO Rick Wagoner, COO Fritz Henderson and CFO Ray Young were among the executives that attended the meeting. Among the points discussed were GM’s request for an additional $16.6 billion in aid. Of course, we’re pretty sure that GM’s fourth-quarter results were also discussed.
According to GM spokesman Greg Martin, the meeting “was just the beginning of the hard work ahead for GM and the President’s team.”
“We found a genuine willingness among the Task Force to understand our business, industry challenges, and GM’s restructuring plan,” said Martin. “We look forward to working closely with the task force as we continue our efforts to transform GM”
Steve Rattner, the head of the auto team and Ron Bloom, a special adviser to the Treasury on autos, attended as well.
We’ll bring you more details as we get them.
Source: Detroit News