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GM CEO 'confident' of winning UAW concessions

Thu Jan 8, 2009 7:41am EST

DETROIT, Jan 8 (Reuters) - General Motors Corp GM.N Chief Executive Rick Wagoner said on Thursday he was confident the automaker will win the concessions it needs from the United Auto Workers union to meet the restructuring terms dictated by the $13.4 billion federal bailout.

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"I'm confident that we'll be able to get the kinds of changes we'll need," Wagoner told NBC's Matt Lauer in an interview for the "Today" show broadcast live from Detroit.

GM and UAW officials are to meet on Monday in talks aimed at key changes in the union's 2007 contract.

GM has received $4 billion from the U.S. Treasury and has been promised another $9.4 billion from a federal aid package that also mandates that it win sweeping concessions from bond holders and the UAW. (Reporting by Kevin Krolicki; Editing by Steve Orlofsky)

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