| For immediate release January 25, 2010 |
Contact: Erin Donar
202-225-3611
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| Kildee Applauds G.M. Commitment to Repay Gov’t Loans by June 2010 | ||||
| Congratulates Whitacre on Permanent CEO Role | ||||
| WASHINGTON, D.C. – Today, General Motors committed to repaying all government loans by June of this year. As Co-Chair of the Congressional Automotive Caucus and a native of Flint, MI, the birthplace of G.M., Congressman Dale E. Kildee (D-MI) has worked tirelessly to return the company to productivity and profitability and welcomed this encouraging news. He also congratulated Edward E. Whitacre, Jr. on his new permanent role as CEO of G.M. Congressman Kildee released the following statement: “Today’s announcement by G.M that it is committed to repaying all its government loans by June is an important step in its path to productivity and profitability. Last winter, I was an active supporter of short-term government loans to help G.M. stabilize its operation and maintain jobs in our communities. Today’s announcement is proof that these loans were a wise investment and not a government bailout as charged by some critics. It is another encouraging sign that G.M. has emerged from bankruptcy as a stronger and more viable company. Under the direction of Edward E. Whitacre, Jr., G.M. has shown renewed vitality and promise. I congratulate him on his new position as permanent CEO of the company, and I look forward to working with him as G.M. continues on the road to prosperity." |
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