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Economic Observer reporter horse towel will leave no stone unturned according to the Wall Street Journal News, GM President and CEO-Tariq said on January 6, the Obama administration signed after the implementation of the arbitration law, common to at least 100 dealers shop. And Hui-Tariq said that despite the Universal will still have to face many difficulties, but he believed that in 2010, GM will restore profitability.

2009-12-the Obama administration has signed a reseller closes the Arbitration Act, the Act makes before General Motors and rejected Chrysler dealer. In this scenario, if the dealer wants to be free from the fate of being shut down, you can apply for neutral arbitration.

Since the last declared bankruptcy, Chrysler close 789 dealers, and general plans in October 2010 1350 dealers before shutting down.

On this Wai Tariq said, before common in deciding which dealers will be shut down some reckless, random, and this practice there is great risk, not the close has been closed, and that it was closed. He acknowledged that there are some universal itself processes allows close dealers that handle some joke.

Prior to that Chrysler has said that too many dealers shop will weaken the company's profits. But in Megumi Tariq said, keep these dealers and will not harm the interests of the General, and he also said that although General Motors continues to face major difficulties, but to be able to restore profitability in 2010. For a General listing of intention, he said he may not be listed in 2011, for the first time were the earliest to later this year.

For a few days ago, the General company of new Chief Financial Officer Chris Liddell was appointed Chief Executive Officer of the candidate's message, Hui Tariq said authorized, but not yet disclosed the appointment time.

In addition, Hui-Tarek also claims that GM is unlikely to reach a rescue under Saab Sweden brand (SAAB) transaction, expected to start off the weekend before the subsidiary.

Comments: for common visitants of insolvency is to better health. Experienced difficult bankruptcy reorganization, the rebirth of new definitive beginning with new vitality.

(Economic observation network)

[Edit: yiyangcai]