Financial Times FT.com

Obama seeks to reassure on GM

By Bernard Simon in Toronto, John Reed in London, Tom Braithwaite in Washington, and Julie MacIntosh and Alan Rappeport in New York

Published: June 1 2009 13:04 | Last updated: June 2 2009 01:31

President Barack Obama sought to quell unease at Washington’s widening role in the US motor industry by promising on Monday that his administration would refrain from directly influencing General Motors and Chrysler in all but the most critical decisions.

Mr Obama’s pledge came as GM reassured customers and suppliers that it would continue business as usual after filing for Chapter 11 bankruptcy protection on Monday.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this