Canada Industry Min To Meet US Treasury Officials Next Week On GM
12 Mai 2009 - 10:19PM
Dow Jones News
Canada's Industry Minister Tony Clement said he'll meet with
U.S. Treasury officials next week to discuss General Motors
Corp.(GM).
"I will be in Washington later on next week to see how our
progress is going. I'll be meeting with U.S. Treasury officials who
are on the case," Clement said after Question Period in Parliament.
"Obviously we will take stock of the situation on or before the
31st of May."
Clement wouldn't say if he expects GM to file for bankruptcy,
saying that it would be "inappropriate for me to for me to project
into the future on that".
Clement also said he didn't want to "prejudge" GM Canada's
negotiations with the Canadian Auto Workers.
Last week, CAW President Ken Lewenza said the federal and
Ontario provincial governments gave the union an ultimatum come up
with a new deal on pay or risk seeing the company liquidate.
-Nirmala Menon, Dow Jones Newswires; 613-237-0668;
nirmala.menon@dowjones.com