Auto bad bankruptcy credit credit loan
WASHINGTON — United Auto Workers President Ron Gettelfinger said today he is optimistic Congress would approve at least $25 billion in low-cost government loans for the auto industry to retool plants.
Speaker to push U.S. House for approval of at least some of $50B in loans to auto industry (Detroit Free Press)
WASHINGTON — House Speaker Nancy Pelosi said today she would push the U.S. House to approve some or all of the $50 billion in loans the automotive industry is seeking from the federal government.
2nd UPDATE: US Rep Hoyer: Stimulus Bill May Have Auto Loans (Nasdaq)
WASHINGTON -(Dow Jones)- A top U.S. House Democrat on Tuesday said $25 billion in loans for U.S. automakers could be included in a new bill to stimulate the economy, but final outcome of such a bill is uncertain.
Congress weighs loans for automakers (Reuters via Yahoo! News)
Congressional Democratic leaders expressed the intent on Tuesday to make it possible for beleaguered U.S.-based auto companies to access at least $25 billion in low interest loans, a priority for industry facing tougher requirements for fuel efficient vehicles.
The Government Should Profit From Loans To The Detroit 3 (CBS News)
Paul Ingrassia , who has followed the Detroit Three auto companies for many years, argues persuasively against the $50 billion in low-interest loans the companies are seeking from the government–and which both Barack Obama and John McCain, with their eyes on Michigan’s 17 electoral votes, have promised to support. If such loans are extended, Congress and the executive branch should follow the …
Pelosi signals support for auto industry loans (WZZM 13 Grand Rapids)
Pelosi signals support for auto industry loans
