NAM commends General Motors for repaying government loans.
Press Release Summary:
In response to company's announcement, NAM President John Engler said organization commends General Motors for repaying government loans ahead of schedule. Citing this as positive step on road to economic recovery, Engler said, "The American auto industry represents the country's largest manufacturing base and is critical to manufacturing renewal, which will create quality jobs and grow the economy." NAM represents manufacturers in every industrial sector and in all 50 states.
Original Press Release:
Manufacturers Commend General Motors for Repayment of Government Loans
WASHINGTON, D.C. - The National Association of Manufacturers (NAM) President John Engler issued the following statement regarding General Motors' announcement that it has repaid government loans:
"The NAM commends General Motors for repaying government loans ahead of schedule. While it is still early and we have a long way to go on the road to economic recovery, today's announcement is a positive step. The American auto industry represents the country's largest manufacturing base and is critical to manufacturing renewal, which will create quality jobs and grow the economy."
The National Association of Manufacturers is the nation's largest industrial trade association, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers, visit www.nam.org.
National Association of Manufacturers, 1331 Pennslyvania Avenue, N.W. Suite 600, Washington, D.C. 20004 United States
