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Idea of the Day: A Federal Bridge Loan for Automakers - American Progress
This week, the chief executives of General Motors Corp., Ford Motor Co., and Chrysler LLC drive back to Washington to make their case for up to $38 billion in bridge loans before a wary Congress. One in 10 American jobs is connected to the auto ...
Read more...Dodd endorses financial aid for automakers - MSNBC
GM’s CEO Rick Wagoner, left, and Ron Gettelfinger, UAW President, talk before testifying at the U.S. Senate Banking Committee hearing on a financial assistance package for the U.S. automotive industry. Dec. 4: GM’s CEO Rick Wagoner answers ...
Read more...Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Two weeks ago, executives of the Big Three automakers trundled into their private jets to Washington to beg for $25 billion in federal bailout ...
Read more...Ignoring automakers' plea is 'Russian roulette,' lawmaker warns - Buffalo News
In this Nov. 18, 2008 file photo, Ford CEO Alan Mulally, left, Chrysler CEO Robert Nardelli , center, and General Motors CEO Rick Wagoner testify at a Senate Banking, Housing and Urban Affairs hearing on the automotive industry bailout on Capitol ...
Read more...Automakers try to sell Congress on rescue Thursday - Charleston Gazette
WASHINGTON (AP) -- U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants to hand their problem ...
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