Rattner says GM, Chrysler may need more aid
Government aid requests from General Motors Corp
The current aid request from the two automakers depends on them achieving plans that are somewhat ambitious, Steven Rattner said in the interview.
Like all management teams they tend to take a reasonably, slightly perhaps, optimistic view of their business. So it could be more, I can't rule that out.
Chrysler, about 80 percent controlled by Cerberus Capital Management
Rattner also told Bloomberg that Chrysler's proposed alliance with Italy's Fiat SpA was worthy of consideration. He also said Chrysler's numbers showed it barely making it as a stand-alone company, though the task force has not made a determination of whether it could exist on a stand-alone basis.
Rattner said he may set a deadline for the United Auto Workers, GM bondholders and other parties to reach agreements. He also said in the interview that GM bondholders need to become part of this in a constructive way.
(Reporting by David Bailey, editing by Matthew Lewis)
© Copyright Thomson Reuters 2024. All rights reserved.