TITLE

DETROIT GETS COLD SHOULDER IN D.C

AUTHOR(S)
Stoffer, Harry; Truett, Richard; Barkholz, David; Thompson, Chrissie
PUB. DATE
November 2008
SOURCE
Automotive News;11/17/2008, Vol. 83 Issue 6334, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Republicans and Congress are against the bailout plan for the three big Detroit, Michigan based automobile companies, General Motors Corp. (GM), Ford Motor Co. and Chrysler LLC. The companies are in no position to wait till the U.S. president-elect to take office to grant the bailout package. However, the Republicans feel that the loans would be a waste of taxpayer money. It is also cited that even after getting the bailout, GM might become a smaller company.
ACCESSION #
35640615

Tags: BAILOUTS (Finance);  GENERAL Motors Corp.;  FORD Motor Co.;  CHRYSLER Corp.;  AUTOMOBILE industry

 

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