Chrysler and GM Restructuring Being Monitored
On whether their claim for restructuring is a fluke or an escape clause will be known soon as all eyes are now on the celebrated restructuring program of Chrysler and General Motors. No other than U.S. President Barack Obama is keenly awaiting what restructuring plans are being done, closely overseeing if they are doing good on what they promised.
Obama said in an interview broadcast Saturday on C-SPAN that the beleaguered automakers should aim to have product lines that appeal to consumers — and that means fuel efficient and high-performance vehicles that Americans hunger for.
Now if direction is what both companies need, these remarks from President Obama should be something worth putting into consideration. Obama and the world are eagerly awaiting the restructuring plans, hoping that it will be something truly worth waiting.
(Source) AFP
Tags: automakers, Barack Obama, broadcast, Chrysler, consumers, General Motors, GM, performance vehicles, restructuring