男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

WORLD> America
Obama rejects GM, Chrysler restructuring plans
(Agencies)
Updated: 2009-03-30 23:54

WASHINGTON -- US President Barack Obama said Monday that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts, and demanded "painful concessions" from creditors, unions and others as their price for survival.

A man walks past the General Motors Powertrain Plant in Warren, Michigan. [Agencies]

Obama also raised the possibility of a controlled bankruptcy to help either or both "restructure quickly and emerge stronger", uttering the term that industry and union officials have warned repeatedly could lead to the collapse of an entire domestic industry.

Related readings:
 White House questions viability of GM, Chrysler
 GM CEO Wagoner to step down at White House request
 GM, Chrysler may need 'considerably' more aid
 Bankruptcy remains an option for GM, analysts say

With his words, Obama underscored the extent to which the government is now dictating terms to two of the country's iconic corporations, forcing the departure of Rick Wagoner as CEO of General Motors, and bluntly warning it may pull the plug on either or both companies.

The Bush administration late last year approved $17 billion in federal funds to help GM and Chrysler survive. It also demanded both companies submit restructuring plans that the Obama administration would review.

Even as he pronounced their effort unsatisfactory, the president said the administration will offer General Motors "adequate working capital" over the next 60 days to produce a reorganization plan acceptable to the administration.

He said Chrysler's situation is more perilous, and the government will give the company 30 days to overcome hurdles to a merger with Fiat, the Italian automaker. If they are successful "we will consider lending up to $6 billion to help their plan succeed," he said.

Obama spoke at the White House with the Big 3 standing at yet another crossroads. As the president noted, the industry has shed over 400,000 jobs in the past year as the recession took hold. Officials announced last week bailout funds would be made available to companies that supply the automakers, an attempt to keep them afloat.

Obama said he is committed to the survival of an auto industry, on terms that will allow it to compete internationally.

"But we also cannot continue to excuse poor decisions," he said. "And we cannot make the survival of our auto industry dependent on an unending flow of tax dollars."

主站蜘蛛池模板: 林口县| 当雄县| 屏南县| 临泽县| 北川| 庆阳市| 江源县| 东阿县| 长垣县| 行唐县| 临海市| 通山县| 仲巴县| 鹿泉市| 临安市| 安阳县| 汝南县| 筠连县| 新龙县| 称多县| 永登县| 房产| 莫力| 沙河市| 酒泉市| 易门县| 茶陵县| 巴东县| 临泉县| 萍乡市| 杭锦后旗| 灵寿县| 沅陵县| 静安区| 井陉县| 乐至县| 上饶县| 连云港市| 策勒县| 盐源县| 霍山县|