Only in America. GM Spent $2.8 Million on Lobbying in Quarter While on U.S. Aid

Go down

Only in America. GM Spent $2.8 Million on Lobbying in Quarter While on U.S. Aid

Post  dwc43 on Tue Apr 21, 2009 10:59 am

GM Spent $2.8 Million on Lobbying in Quarter While on U.S. Aid

GM to slash 1,600 white-collar jobs by May 1 AFP/Getty Images/File – The General Motors logo is seen after an event introducing the Project P.U.M.A. (Personal Urban Mobility …
Jonathan D. Salant and John Hughes Jonathan D. Salant And John Hughes – Tue Apr 21, 12:10 am ET

April 21 (Bloomberg) -- General Motors Corp., surviving on $13.4 billion in government aid, spent $2.8 million on lobbying during the first three months of 2009, according to disclosures filed yesterday with the U.S. House and Senate.

“Like any quarter, our reporting and expenses reflect the level of activity that we’re engaged in, and the breadth of issues that affect our business,” Greg Martin, a GM spokesman, said. “As being part of what is arguably one of the most- regulated industries in the country, you have a voice to add to complex policy discussions and you report it.”

Spending by the biggest U.S. automaker was down from $4.1 million the carmaker spent in the same period a year earlier.

Detroit-based GM is trying to cuts costs for labor, health care and debt to meet a June 1 deadline for avoiding bankruptcy.

Auburn Hills, Michigan-based Chrysler LLC, also relying on U.S. funds to avoid bankruptcy, reported lobbying expenses of $720,658 between January and March, 47 percent less than the $1.4 million that the carmaker spent during the same three-month period a year earlier.

Chrysler, the third-largest U.S. automaker, received $4 billion from the government in January and has a May 1 deadline to create an alliance with Italian automaker Fiat SpA in order to receive up to $6 billion more in U.S. assistance.

Chrysler is spending “to educate policy members about the company and the future of the automotive industry,” Todd Goyer, a Chrysler spokesman, said in a statement. “There is significant demand for education and information regarding Chrysler from legislators and government officials.”

The expenditures were for “a wide range of issues,” including energy policy, development of electric and fuel- efficient vehicles, taxation, health care, trade and international affairs, he said.

To contact the reporters on this story: Jonathan D. Salant in Washington at ; John Hughes in Washington at .


Check out our club at

Click here and check out this free game I am playing.

Number of posts : 770
Age : 49
Location : Shelbyville,Tn.
Registration date : 2009-01-25

Back to top Go down

Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum