US govt officials to visit Detroit automakers
Tuesday, 10 March 2009
WASHINGTON, March 9 (AFP): The US government's "working group" on the automobile industry was expected in Detroit today for talks with representatives of troubled US automakers seeking government help and their unions, an administration official said.
The official, who spoke on condition of anonymity, said the groups would meet with top managers of General Motors and Chrysler as well as with leaders of the United Auto Workers (UAW) union as they try to chart a way to restructure the two companies to avoid bankruptcy.
The announcement came after GM's auditors last week voiced "substantial doubt" about the struggling automaker's ability to survive a collapse of global auto sales amid a deepening recession.
GM chief executive Rick Wagoner has repeatedly warned that the largest US automaker would likely be unable to survive a bankruptcy filing because consumers would be unwilling to buy GM's vehicles.
The official, who spoke on condition of anonymity, said the groups would meet with top managers of General Motors and Chrysler as well as with leaders of the United Auto Workers (UAW) union as they try to chart a way to restructure the two companies to avoid bankruptcy.
The announcement came after GM's auditors last week voiced "substantial doubt" about the struggling automaker's ability to survive a collapse of global auto sales amid a deepening recession.
GM chief executive Rick Wagoner has repeatedly warned that the largest US automaker would likely be unable to survive a bankruptcy filing because consumers would be unwilling to buy GM's vehicles.