General Motors' CEO Fritz Henderson pleaded with Americans to give his company another chance to succeed, thanking the U.S. and Canadian governments for the billions in assistance provided to the automaker.

"Give us another chance," Henderson said in a press conference Monday shortly following President Obama's remarks.

Henderson thanked "the American and Canadian taxpayers to the opportunity that's being provided to us to start over" at the press conference, as well as President Obama himself and the administration's auto task force.

The administration announced it would extend over $30 billion to GM as it undergoes a bankruptcy and downsizing.

"We will do it right and we do it once," Henderson said of the company's costly restructuring.

"The new GM will be rededicated in our entirety in our leadership team to our customers," Henderson added, saying that every single one of their vehicle launches in the future would be focused on achieving success.