Source: BusinessWeek.comThe federal government will give GM "adequate working capital" over the next 60 days to work in conjunction with the administration in developing a better recovery plan, he said.
Read more here.
rp
Showing posts with label government intervention. Show all posts
Showing posts with label government intervention. Show all posts
30.3.09
Obama extends short federal lifeline to GM, Chrysler
President Obama announced Monday that struggling automotive giants General Motors and Chrysler will be given a "limited" period of time to "restructure in a way that would justify an investment of additional taxpayer dollars."
Source: BusinessWeek.com
The federal government will give GM "adequate working capital" over the next 60 days to work in conjunction with the administration in developing a better recovery plan, he said.
Read more here.
rp
Source: BusinessWeek.comThe federal government will give GM "adequate working capital" over the next 60 days to work in conjunction with the administration in developing a better recovery plan, he said.
Read more here.
rp
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