Obama admin not involved in Opel decision, say Treasury

jcgable · 11-03-2009, 05:59 PM

Obama admin not involved in Opel decision-Treasury

WASHINGTON, Nov 3 (Reuters) - The Obama administration did not get involved with General Motors Co's decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.

"The administration was not involved with this decision, which was made by GM's Board of Directors," spokeswoman Meg Reilly said in an emailed statement.

The U.S. Treasury is GM's [GM.UL] majority shareholder following the automaker's bankruptcy, with about a 60 percent stake...

More at link

Slideways · 11-03-2009, 06:15 PM

So maybe we can have a respite from the "Government Motors" comments for a while. Nah, probably not.

johnstarnes · 11-03-2009, 06:59 PM

Quote:

Originally Posted by Slideways

So maybe we can have a respite from the "Government Motors" comments for a while. Nah, probably not.

LOL! Thanks.

fp115 · 11-03-2009, 07:02 PM

This is news? Not really sure how any of that was even necessary...

Ed Arcuri · 11-03-2009, 09:48 PM

Quote:

Originally Posted by jcgable

Obama admin not involved in Opel decision-Treasury

WASHINGTON, Nov 3 (Reuters) - The Obama administration did not get involved with General Motors Co's decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.

"The administration was not involved with this decision, which was made by GM's Board of Directors," spokeswoman Meg Reilly said in an emailed statement.

The U.S. Treasury is GM's [GM.UL] majority shareholder following the automaker's bankruptcy, with about a 60 percent stake...

More at link

What occasioned the denial?
Cheers,
Ed

2002 Caddy · 11-03-2009, 09:59 PM

In before the lock.

Canuck · 11-03-2009, 10:28 PM

Amazing this thread has not been discovered by the mods.

11-03-2009, 05:59 PM	#1 (permalink)
jcgable 2.4 Liter SIDI ECOTEC Join Date: Nov 2007 Posts: 431	Obama admin not involved in Opel decision, say Treasury Obama admin not involved in Opel decision-Treasury WASHINGTON, Nov 3 (Reuters) - The Obama administration did not get involved with General Motors Co's decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday. "The administration was not involved with this decision, which was made by GM's Board of Directors," spokeswoman Meg Reilly said in an emailed statement. The U.S. Treasury is GM's [GM.UL] majority shareholder following the automaker's bankruptcy, with about a 60 percent stake... More at link

11-03-2009, 06:15 PM	#2 (permalink)
Slideways 6.0 Liter L76 V8 Join Date: Oct 2003 Location: OC, CA Drives: '07 Colorado 2wd Posts: 2,278	Re: Obama admin not involved in Opel decision-Treasury So maybe we can have a respite from the "Government Motors" comments for a while. Nah, probably not.

11-03-2009, 07:02 PM	#4 (permalink)
fp115 6.2 Liter LS9 Supercharged V8 Join Date: May 2003 Location: Canada Posts: 5,039	Re: Obama admin not involved in Opel decision-Treasury This is news? Not really sure how any of that was even necessary... __________________ My sig is cool, really it is. Rawr!

11-03-2009, 09:59 PM	#6 (permalink)
2002 Caddy 7.0 Liter LS7 V8 Join Date: May 2007 Posts: 4,034	Re: Obama admin not involved in Opel decision, say Treasury In before the lock. __________________ Cadillac! GM's "Back to the Future" Division GM's Deja Vu Division Cadillac is a Car.

11-03-2009, 10:28 PM	#7 (permalink)
Canuck 6.0 Liter L76 V8 Join Date: May 2003 Location: Vancouver Drives: 2009 CTS 3.6 DI, AWD, Nav 2005 Envoy Posts: 2,381	Re: Obama admin not involved in Opel decision, say Treasury Amazing this thread has not been discovered by the mods.

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