General Motors Chairman Daniel Akerson tells Newsmax that both President
Obama and former President George W. Bush should share credit for the
successful bailout of the auto industry.
Akerson also flatly denies allegations that the federal government — which still owns nearly 30 percent of General Motors stock — has been involved in the day-to-day running of the company.
And he warns that while he sees a positive outlook for GM over the next several years, he believes the economy has not fully recovered due to a weak housing market which he predicts won’t bottom out for another “couple of years.”
Akerson also flatly denies allegations that the federal government — which still owns nearly 30 percent of General Motors stock — has been involved in the day-to-day running of the company.
And he warns that while he sees a positive outlook for GM over the next several years, he believes the economy has not fully recovered due to a weak housing market which he predicts won’t bottom out for another “couple of years.”
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