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Stakeholders in the U.S. auto industry must show they're willing to sacrifice if assistance funds are to be allotted, a White House spokeswoman said Tuesday. "(If) we're going to use taxpayer financing to assist the automakers, all stakeholders are going...
Tags: white house, perino, auto bailout, auto aid, The White House, Dana Perino, auto industry
The Bush administration will consider using money from the fund intended to rescue U.S. financial markets to prevent the collapse of the nation’s auto companies, White House spokeswoman Dana Perino said. “Under normal economic conditions...
Provisions have been tightened to strengthen March 31 as a “drop dead” date for the companies if they fail to deliver on promises to restructure their operations. But as Senate conservatives stepped up their grumbling, Majority Leader Harry Reid (D-Nev.)...
Tags: congress, auto, senate, chrysler, financial, auto aid, bailout, auto industry, republicans, democrats
A list of job cuts, shuttered factories, canceled bonuses and commitments to fuel-efficient cars won't be enough next week when U.S. automakers get another shot to persuade Congress to give them $25 billion in loans. Through the Thanksgiving weekend,...
Tags: auto, bailout, congress, chrysler, ford, big three automakers, auto aid, economy, Ford Motor Co., financial
As the head of the United Auto Workers union lobbied for a congressional deal to help Detroit's struggling auto makers Thursday, it became clearer that the companies and the union will need to make sacrifices in order to win federal aid. UAW President...
Tags: general motors, chrysler, bailout, ford, auto, capitol, auto industry, president, auto aid, plan