It's Do-or-Die Time for Detroit Carmakers

Newman, Rick
April 2009
U.S. News Digital Weekly;4/3/2009, Vol. 1 Issue 11, p6
The article reports on the rejection of pleas from General Motors and Chrysler for more aid by the administration of U.S. President Barack Obama. General Motors is seeking up to 25 billion U.S. dollars in additional loans, while Chrysler is requesting for 11 billion U.S. dollar additional bailout. General Motors has been asked to submit reorganization plans and Chrysler has been encouraged to complete a merger with Italian automaker Fiat.


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