TITLE

Crisis may help Detroit 3 bailout

AUTHOR(S)
Cole, Marine
PUB. DATE
September 2008
SOURCE
Crain's Detroit Business;9/22/2008, Vol. 24 Issue 38, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that bailouts of Freddie Mac, Fannie Mae and American International Group Inc. have improved the chances that the U.S. government will inject fresh money into the Detroit automakers, including General Motors Corp. The auto companies are seeking funding for a $25 billion loan from the U.S. Congress, which also would benefit suppliers, and are now seeking an additional $25 billion.
ACCESSION #
35120531

 

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