Obama: I Don’t Want to Run GM


The president says filing for bankruptcy will help the auto company get back on its feet, touts Chrysler’s success with the process.

Federal government will take 60% ownership of the company, offer $30 billion in additional assistance. White House fact sheet here.

TEXT: Full remarks here. AUDIO: Listen to him here.

Related Topics: News, The Page

Post a Comment

You must be logged in to post a comment.

  • Tweets

    View More Tweets From @TIME

Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser