Bridge Loan Not Bail Out
NEW YORK (CNNMoney.com) -- Are General Motors, Ford Motor and Chrysler LLC too big to fail? Or just too powerful?
Those are key questions being weighed this week as Treasury Department officials and executives at the troubled automakers discuss whether the Big Three might be the next corporate icons to get a federal bailout.
Sales at GM (GM, Fortune 500), Ford (F, Fortune 500) and Chrysler are down 20% this year and are likely to fall further. The losses that have dogged their core North American automotive operations for years are poised to climb higher.
Author: cewii
Keywords: GM Ford Chrylser UAW Bailout "bridge loan" Congress "U.S Senate"
Added: December 14, 2008
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