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barack obama, auto industry
(Image from article: "Congress OKs $2B refill of 'cash for clunkers'")

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Autos task force readies aid announcement

Autos task force readies aid announcement

President Barack Obama will announce the next steps to help General Motors Corp and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its debt and cutting costs in response to slack demand.

 

Senator says more aid likely for U.S. automakers

The Obama administration task force is likely to recommend more aid for struggling U.S. automakers, a senior senator said on Wednesday.

 

GM, Chrysler Request Billions More in Aid

GM, Chrysler Request Billions More in Aid

Automakers tell the Obama administration that they need at least an additional $14 billion in loans in order to survive economic downturn.

 

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