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“Big Three” more eager to get bailout

18.11.08 # 3:18 # Business # No Comment
“Big Three” more eager to get bailout

Detroit’s Big Three auto makers are more eager to get $25 billion bailout.
Democratic congressional leaders want to tap the $700 billion Wall Street rescue package for new loans to U.S. auto manufacturers and suppliers.
The debate comes as the financial situation for General Motors Corp., Ford Motor Co. and Chrysler LLC grows more precarious. GM has said it could run out …

Auto industry to cut 3 million jobs in U.S.

15.11.08 # 21:33 # Business # No Comment
Auto industry to cut 3 million jobs in U.S.

America’s ailing auto fears 3 million job cut by next year. If three big car makers - General Motors, Ford and Chrysler - are allowed to collapse, there’ll be great loss to the jobs.
According to the experts, so many US businesses depended on the Big Three for survival that allowing even one of the carmakers to fail would lead to …