Refinancing auto loan with bad credit
The auto industry and Wall Street took center stage in the presidential race Wednesday when Republican John McCain, after touring a suburban Detroit auto plant, declared in his strongest language so far that he will fight for government loans to help the U.S. auto industry retool.
Price tag for auto industry loans doubles to $7.5 billion (Detroit News)
WASHINGTON — The cost of funding $25 billion in low-cost government-issued loans to the auto industry doubled to $7.5 billion — a move that could make it more difficult to convince Congress to approve funding before it adjourns later this month.
Auto CEOs ask congressional leaders for loan help (Detroit Free Press)
WASHINGTON — The U.S. auto industry is facing the worst business conditions in more than 30 years, and its problems could affect tens of thousands of workers, the chief executives of Detroit’s three automakers told congressional leaders Wednesday as they lobbied for $25 billion in federal loans.
Legislators lobbied for auto loans (Detroit Free Press)
Prospects for the auto industry’s bid for $25 billion in federal loans inched forward Tuesday, as Detroit executives and Michigan lawmakers lobbied colleagues to back the plan.
