Skip navigation
Newswire

White House: Chrysler can be example for GM

WASHINGTON, May 29 (Reuters) - Chrysler's bankruptcy proceedings demonstrate the possibility of an orderly restructuring of a major U.S. carmaker and could be a model for General Motors , the White House said on Friday.

"Chrysler is a hopeful example for General Motors," White House spokesman Robert Gibbs told reporters.

(Reporting by Caren Bohan; Editing by Jackie Frank)