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Automakers to plead with Congress for aid

Source: News Press
Washington : DC : USA | about 1 year ago  
Views: 449
When the heads of General Motors (GM), Chrysler and Ford Motor (F) and their major union go to Capitol Hill today, they will try to convince lawmakers that if the Big Three automakers go under, the fragile U.S. economy will be dealt a blow far costlier than the $25 billion in aid the companies want.
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  • News Source: Toronto Star | about 1 year ago
    The men who run The Big Three looked distinctly tiny in a congressional hearing room yesterday, a trio of auto industry paupers pleading for money and carrying a common message: It's not our fault. The Diminished Three – Richard Wagoner of General...
  • News Source: BBC | about 1 year ago
    General Motors, Ford and Chrysler - should get a government bail-out - on certain conditions. "I think the government should make sure that the carmakers change their way of doing business," he argues, "because they can't keep on doing what they have...
  • News Source: The Courier-Journal | about 1 year ago
    Kentucky's Republican senators publicly declared their staunch opposition yesterday to a proposal that would double the $25 billion in federal funds designated to help rescue domestic automakers, saying the money was little more than a "blank check."...
  • News Source: Orlando Sentinel Online | about 1 year ago
    The CEOs of the nation's Big Three automakers didn't get much respect when they pulled up at the nation's money pump asking for a $25 billion fill-up. Senators weren't in much of a mood to talk about it Tuesday, at least not without a heavy dose of...
  • News Source: The Boston Globe | about 1 year ago
    Warning of a doomsday economic scenario, the top executives of the Big Three US automakers made a historic appeal yesterday for $25 billion in loans, telling Congress the money is desperately needed to stave off the collapse of the companies and the...
  • News Source: Androscoggin News | about 1 year ago
    The Big Three automakers are set to make another pitch for financial help. Auto executives told a Senate panel yesterday and will tell a House committee today that if their companies fail, other businesses will also be pulled under, resulting in the...
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