Tag Archives: Economy
Automakers to get $17.4 billion in government aid
WASHINGTON (Reuters) – The government will offer up to $17.4 billion in loans to the ailing U.S. automakers and expects General Motors and Chrysler LLC to access the money immediately, a senior administration official said on Friday. Some $13.4 billion … Continue reading
GM denies holding new merger talks with Chrysler
NEW YORK (Reuters) – General Motors Corp has not reopened merger talks with Chrysler LLC, a GM spokesman said on Thursday, denying a report in The Wall Street Journal that talks had been revived. “We have had no talks with … Continue reading
Chrysler Adjusts Production
Due to the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States, Chrysler LLC announced that it will make significant adjustments to the … Continue reading
Bailout plan could soon face House vote
By John Crawley and Thomas Ferraro WASHINGTON (Reuters) – The U.S. House of Representatives could vote as early as Wednesday on a $15 billion plan to bail out and restructure U.S. automakers but the initiative may face Republican roadblocks in … Continue reading