Obama Saving GM Needed Dealmaker Team to Break It
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On the evening of March 26, in a windowless room that once served as Teddy Roosevelt’s White House office, President Barack Obama made decisions that would change the future of the U.S. auto industry.
Five weeks earlier, General Motors Corp. and Chrysler LLC handed over survival plans that the government demanded as a condition for $17.4 billion of loans in December from President George W. Bush.