barak obamaAfter completion of the restructuring of General Motors auto giant will come back to prosperity. This is the opinion of U.S. President Barack Obama.

Responding to journalists’ questions, the U.S. leader did not specify whether General Motors would have to go through bankruptcy proceedings, but expressed confidence in the future, a large company.

B. Obama also noted that his administration intends to get rid of the state bought the shares automakers as soon as possible. “I certainly am confident that General Motors once again become a strong company and we intend to withdraw from it immediately after the restoration of the economy and the completion of the restructuring,” – said the American president.

Earlier today it became known that the largest auto manufacturer the U.S. General Motors has received from the U.S. government another loan of $ 4 billion The total amount of transfers of government funds since December 2008. was about 19.4 billion U.S.

General Motors prior to June 1, 2009. must complete its restructuring plans, which include agreements with unions and creditors, as well as the closure of a number of brands and manufactures. If the authorities deem unsatisfactory restructuring, the company will be forced to follow the example of Chrysler, and contact the court for bankruptcy.

As in the case of Chrysler, a stumbling block for General Motors may be negotiated with the holders of unsecured bonds of the company. Auto manufacturer offered to creditors to exchange U.S. $ 27 billion debt by 10% of the shares, but the bondholders believe the offer undervalued. Meanwhile, the Ministry of Finance United States demands that General Motors has agreed to not less than 90% of the holders of its debt.