TITLE

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

AUTHOR(S)
Newman, Rick
PUB. DATE
April 2009
SOURCE
U.S. News Digital Weekly;4/3/2009, Vol. 1 Issue 11, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
52757853

 

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