tagged w/ carmakers
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Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion-dollar lifeline to help them avoid imminent collapse.Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant... more
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A $14 billion rescue package for the nation's imperiled auto industry sped to approval in the House Wednesday night, but the emergency bailout was still in jeopardy from Republicans who were setting out roadblocks in the Senate.A $14 billion rescue package for the nation's imperiled auto industry sped to... more
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Negotiators worked through the night Monday narrowing differences on a bill to rush short-term loans to the struggling carmakers through a plan that requires that the industry reinvent itself to survive - and pay back the government if it doesn't.Negotiators worked through the night Monday narrowing differences on a bill to rush... more
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A bailout plan for the failing U.S. auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the overseers decide the companies are failing to take steps to overhaul themselves.A bailout plan for the failing U.S. auto industry could include a Cabinet-level... more
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A top executive of General Motors Corp. said Wednesday bankruptcy isn't a viable option, as the United Auto Workers braced for a decision on contract concessions to the endangered Big Three.A top executive of General Motors Corp. said Wednesday bankruptcy isn't a viable... more
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