Another automaker bailout in works
Survival dependent upon Washington?The Obama administration is in talks with Detroit's automakers about the need for more financial help for the struggling automakers, but no decisions will be made until after Chrysler and GM turn in their plans for future viability.
One can imagine, however, that if the EPA approves California's waiver to regulate tailpipe emissions - some time after April 6 - the Big 3 will need many more billions to quickly retool their factories.
Labels: bailout
posted by Dahcredyns at
8:51 AM
3 Comments:
The Us senat has been approved the bailout proposal from barack Obama.
. $700 Billion will help auto business to get out from crisis
The Big 3 are going to need far more than what the stimulus is providing in bailout money. Tens of billions more will be needed, minimally.
For more bailout news, check out my latest post Bailout Nation: Calling all Big 3 hates and supporters
Post a Comment
<< Home