Industry Canada

Industry Canada

July 10, 2009 12:26 ET

Government of Canada Congratulates General Motors on Successful Court-Supervised Restructuring

OTTAWA, ONTARIO--(Marketwire - July 10, 2009) - Following General Motors' emergence from court-supervised restructuring in the United States, the Honourable Tony Clement, Minister of Industry, issued the following statement:

"I would like to acknowledge that General Motors Corporation's restructuring plans have worked their way through the U.S. bankruptcy court in a timely and efficient manner.

"The Government of Canada has been working with its partners to ensure that General Motors of Canada Limited (GMCL) continues to play an important role in the new GM's North American operations. We have every reason to believe that we will see a competitive GMCL that will manufacture and sell North American cars.

"We are confident that the company will now be in a position to operate a sustainable and viable business that will keep production, innovation and jobs in Canada. This is good news for Canadian auto workers, the Canadian auto parts supply chain and for Canadian consumers.

"Moving forward, the Government of Canada will continue to work toward strengthening our country's auto industry, while exercising rigorous oversight of taxpayer money."

Contact Information

  • Office of the Honourable Tony Clement
    Minister of Industry
    Pema Lhalungpa - Press Secretary
    Industry Canada
    Media Relations