The folks over at General Motors wasted no time in releasing a statement regarding the election of Senator Barack Obama as the 44th President of the United States. After congratulating him for his win over his Republican adversary, John McCain, GM gets straight to the point reminding the new President of the U.S.A. of his promise to support the nation's domestic auto-industry. Although the American automaker did not mention this in the official statement, it is a common secret that General Motors has been seeking a $10 billion aid from Washington.GM's Statement:
"General Motors congratulates Senator Obama on his historic win. He will assume office at an extraordinary time, with a number of national priorities that will require his and Congress' immediate attention. GM welcomes President-elect Obama's pledge to support our nation's domestic auto industry in its ongoing efforts to transform its business and develop new technologies.
This support comes at an especially critical time as our industry confronts one of the most difficult economic periods in our nation's history caused by the global financial crisis. And, this support will enable a competitive U.S. industry to contribute significantly to our nation's economic revival, in employment, technology, energy security, and other important areas."
