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GM Board of Directors Statement on Plan for Long-Term Viability


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GM Board of Directors Statement on Plan for Long-Term Viability

The General Motors Board of Directors fully supports the Restructuring Plan for Long Term Viability being submitted by the company today to the Senate Banking Committee and House of Representatives Financial Services Committee.

The Board has examined in detail the options currently available to GM, and believes that the plan provides a blueprint with the best chance for creating a new General Motors, one that is leaner, more globally competitive, profitable and self-sustaining.

The Board believes that the company is fully capable of implementing the comprehensive plan being submitted to Congress and that management will see the company through these most difficult and challenging times.

Tom Wilkinson
Director, GM News Relations
313-378-6233 (cell)

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