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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...GM, Ford, Chrysler Chiefs Urge Congress to Approve $34 Billion Rescue ... - Bloomberg
Dec. 4 (Bloomberg) -- The Big Three automakers renewed their plea for an emergency federal bailout, as the head of General Motors Corp. told a deadlocked Congress the industry has “made mistakes” and has been pushed “to the brink.” GM Chief ...
Read more...Big Three Make New Pitch for Federal Aid - AOL
WASHINGTON (Dec. 4) - Humbled U.S. automakers pleaded with Congress Thursday to approve an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers in a bumpy encore appearance. "We're here today because we made mistakes ...
Read more...Automakers Vow Change And Plead For Aid In Congress - Post Chronicle
The top executives of the major U.S. auto companies pledged to refocus on higher fuel efficiency and lower production costs as they asked Congress again on Thursday for billions of dollars in emergency cash. Reeling from a steep slump in auto sales ...
Read more...Wagoner: Blueprint for new GM - Detroit Free Press
Rick Wagoner, chief executive officer of General Motors Corp., told senators considering aid to the auto industry today that he and his management team "believe strongly" in their restructuring plan, which he said will create "a blue print for a new ...
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