TITLE

GM and Chrysler may get new bailout deal

AUTHOR(S)
Fernandez, Joe
PUB. DATE
December 2008
SOURCE
Marketing Week;12/11/2008, Vol. 31 Issue 50, p64
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the possible bailout deal by the U.S. government for General Motors Corp. and Chrysler Corp. The government is likely to make an announcement about the new bailout on December 17, 2008. It reports that the bailout follows the failure of the U.S. Senate to muster support for the initial bailout deal of 14 billion dollars to the U.S. automobile industry. The funds for the new bailout would come from the 700 billion dollars funding pool made for helping banks.
ACCESSION #
46971973

 

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