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Gutierrez Calls on Auto Industry to Make Tough Choices, Demonstrate Financial Viability Before Taking Taxpayer Funding

Washington (Dec. 4)—U.S. Secretary of Commerce Carlos M. Gutierrez issued the following statement in advance of testimony by the "Big Three" Automakers on Capitol Hill regarding their plans for financial viability: "The automobile industry is one of America's most storied and important sectors. While our economy is facing unprecedented challenges, the collapse of the auto industry could be devastating. We must do everything within our power to responsibly safeguard the auto industry from failure, but we must be certain it can demonstrate a path to financial viability before receiving taxpayer funding.” (More)

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Gutierrez Applauds Nomination of Gov. Bill Richardson, Highlights Foreign Policy Experience as Critical for Commercial Engagement

Washington (Dec. 3)—U.S. Secretary of Commerce Carlos M. Gutierrez issued the following statement on President-Elect Barack Obama’s nomination of Gov. Bill Richardson to be the next Secretary of Commerce: “The Department of Commerce is a vast agency with a diverse portfolio that ranges from promoting commerce and economic growth, to exercising stewardship over our oceans and waterways. “Gov. Richardson has strong international experience, which will serve him well at the Department of Commerce. In our global marketplace, America must be actively engaged, seeking to strengthen and grow our commercial and trading relationships.” (More)

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Gutierrez Highlights Importance of Auto Industry, Underlines Need for Path to Viability

Washington (Dec. 1)—In an interview on CNN’s American Morning, Secretary of Commerce Carlos M. Gutierrez reiterated the administration’s belief in the importance of America’s auto industry, and the need for the automakers to demonstrate a path toward financial viability. Late last week Secretary Gutierrez and Energy Secretary Bodman submitted letters to Chairmen Dodd and Franks, outlining specific benchmarks to determine financial viability. (Transcript) (Letters)

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