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Auto Manufacturer Bailout - Page 6

Well this is at least a bit reasonable. So long as it does not become a bad loan to write off.

Bailout Manufacturer Auto

Yeah I was thinking that they could still go under and this loan will be something the tax payers will have to pay off thus giving them free money. That is why I am still against it.

Auto Manufacturer Bailout Reviews Consumer & Travel Family Culture

$17.4 billion in loans

WASHINGTON (AP) - President Bush says the federal government will grant $17.4 billion in loans to ailing U.S. Automakers in exchange for concessions from the firms and their workers.
Ref. USAToday

Page 6 Bailout Manufacturer Auto

Chrysler gets $4bn emergency loan

US car manufacturer Chrysler receives a $4bn (£2.75bn) emergency government loan to help stave off collapse.
Ref. Source 9

Bailout Manufacturer Auto

Car Sales Drop

Ford Motor Co.'s U.S. Sales Drop 32% in December
Ref. ABC News

Auto Manufacturer Bailout

I have heard that GM is now thinking of going back to Washington to get more money. They have already used the money the were given? I hope that they do not get any more money.

Auto Manufacturer Bailout - Page 6

US car sales near 27-year low

Ford has posted a 40 percent drop in January sales in the United States â€" its sharpest fall in 10 months of double-digit sales drops in the world's largest market for new cars and trucks. Ref. Source 2

Auto Manufacturer Bailout Culture Family Travel & Consumer Reviews - Page 6

GM, Chrysler May Face Bankruptcy to Protect U.S. Debt:

General Motors Corp. And Chrysler LLC may have to be forced into bankruptcy by the U.S. Government to assure repayment of $17.4 billion in federal bailout loans, a course of action the automakers claim would destroy them. Ref. Source 4