Geithner says wants quick exit from auto firms

2009-06-01 10:23:59 GMT2009-06-01 18:23:59 (Beijing Time) SINA.com

U.S. Treasury Secretary Timothy Geithner said on Monday that he was optimistic that U.S. carmakers would emerge from bankruptcy without the need for future government help. Skip related content

"We want a quick, clean exit as soon as conditions permit," Geithner told students at Peking University in Beijing. "We're very optimistic these firms will emerge (from restructuring) without further government assistance."

General Motors will file for bankruptcy on Monday, U.S. officials said, forcing the 100-year-old carmaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

(Agencies)

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