White House: All GM stakeholders must sacrifice
WASHINGTON, May 27 (Reuters) - The White House said on Wednesday it would not prejudge the outcome of discussions over the General Motors GM.N restructuring but said all stakeholders must be prepared to make sacrifices.
"The president strongly believes all stakeholders involved in the company -- labor, management, bond holders and debt holders -- are going to have to make sacrifices if we are going to see GM continue," White House spokesman Robert Gibbs told reporters.
(Reporting by Caren Bohan; Editing by Sandra Maler)
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