Canada’s minister in charge of the motor industry will meet with top US officials in Washington next week to assess progress on General Motors’ restructuring plans, he said on Tuesday.
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“All I can tell you is we’re working with the Obama administration and with our Ontario [provincial government] counterparts. I will be in Washington later on next week to see how our progress is going,” industry minister Tony Clement told Reuters when asked if a GM bankruptcy was likely.
“I’ll be meeting with US Treasury officials who are on the case and obviously we’ll take stock of the situation on or before 31 May,” he added.
Pensions shortfall problem for GM Canada
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