![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, March 29, 2009 9:23:30 AM
"It's important to know that we want to have a strong automobile industry. We want them to emerge from this period of challenge stronger," Geithner said in an appearance the ABC news program "This Week With George Stephanopoulos."
"That's going to require a lot of restructuring, and we're prepared as a government to help that process if we believe it's going to provide the basis for a stronger industry in the future," Geithner said.
President Barack Obama is scheduled to announce new aid for General Motors Corp (GM.N) and Chrysler LLC on Monday, a day ahead of a government-set deadline for the companies to demonstrate they can be made viable with further assistance.
Both automakers have been kept in operation since the start of the year with $17.4 billion in emergency government loans. They requested another $22 billion to make it through a collapse in demand that has pushed U.S. auto sales to the lowest level in almost three decades.
Stephanopoulos asked Geithner whether Chrysler -- considered by many analysts to be the weakest of the three Detroit automakers -- was "too big to fail."
Geithner declined to answer that directly.
"I'm not going to get into the president's announcement tomorrow," he said in response.
He added: "It's very important for our country that we have a strong automobile industry going forward."
Recent VC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:14:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:14:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:14:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:13:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:13:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:13:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:03:28 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 12:06:09 PM
- Visteon Announces First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/25/2024 10:55:00 AM
- Visteon to Announce First Quarter 2024 Results on April 25 • GlobeNewswire Inc. • 04/09/2024 08:11:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:11:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:11:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:10:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:10:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:10:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:09:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:09:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:09:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:16:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 04:29:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:07:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:07:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:06:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:05:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:05:38 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM