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WASHINGTON (Reuters) - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion (16 billion pounds) aid package despite political opposition to...
The chiefs of Ford, General Motors and Chrysler have begged Congress for a $25 billion lifeline, warning of broader peril for the American economy if the auto industry is allowed to suffer. Despite their pleas, the new rescue...
WASHINGTON (Reuters) - The U.S. Treasury defended its handling of the financial bailout on Tuesday as American auto and banking woes reverberated around the globe and the International Monetary Fund said it would need rapidly...
The bosses of the three biggest US carmakers, Ford, GM and Chrysler, have asked Congress for a $25bn bail-out. GM chief executive Rick Wagoner said the firm needed a loan to span the "financial chasm" that had opened up....
WASHINGTON, Nov 18 (Reuters) - A proposed $25 billion bailout of U.S. automakers failed to gain traction on Tuesday in the Senate despite pleas from industry that failure to act could result in wholesale liquidation.
American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores. Meanwhile, chiefs from the nation's...
