GM Statement on Treasury Supplier Program

Article continues below...

2009-03-19 -- "This U.S. Treasury program recognizes how critical the domestic supply chain is in keeping America's auto industry running.

GM appreciates the Treasury and President's Task Force on Autos taking quick action that will improve suppliers ability to access much needed liquidity during these very difficult economic times.

This action can help reduce the risk of vehicle production disruptions that would occur if auto suppliers were unable to produce due to lack of access to working capital liquidity."

Source: GM