General Motors Co. Chairman and CEO Dan Akerson reaffirmed Wednesday his support of the government bailout of his company, saying it worked and helped cities such as Detroit.
"I think it was a wise, far-reaching vision that initiated the action," Akerson said after a news conference in which he and his wife Karin officially announced a $1 million donation to Habitat for Humanity Detroit to kick off a three-year, $25 million effort called Leaders to Rebuild Detroit.
"As I said earlier, it was a combination of two administrations not diametrically opposed philosophically, but the practicality of the situation and the importance of the auto industry and the basic manufacturing infrastructure in this country was at stake. And you can debate this forever, and I'm sure it will be for a long time, but facts are facts, it worked. For the first time in many, many years, decades, all three of the auto manufacturers are profitable, they're hiring, they're building, they're investing in America.
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