TITLE

Government bailout of Detroit 3 helps suppliers-sort of

PUB. DATE
November 2008
SOURCE
Rubber & Plastics News;11/3/2008, Vol. 38 Issue 7, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article comments on the bailout package of the U.S. government to Detroit 3, which include General Motors Corp. (GM) Ford Motor Co. and Chrysler Corp. It is stated that bailout by the U.S. Treasury Department may lead a merger of GM and Chrysler. It is noted that if Chrysler is merged into GM, there is no doubt slashing and burning will occur. It is stated that the rubber sector has no say in how all this works out but it can expect the Treasury to help auto industry through the package.
ACCESSION #
35612517

 

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