The White House has said “more will be required” to ensure the viability of General Motors and Chrysler after the companies submitted restructuring plans.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Spokesman Robert Gibbs said in a statement: “We appreciate the effort that these companies and their stakeholders have made, and the president’s team will be reviewing these reports closely in the days ahead.


“It is clear that going forward, more will be required from everyone involved – creditors, suppliers, dealers, labour and auto executives themselves – to ensure the viability of these companies,” he added.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now