All Posts Tagged With: "majority leader"

GM, Ford, and Chrysler Chiefs Push for Action in Washington as Congress Debates Another Bailout

Executives from Detroit’s “Big Three” auto companies – General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler LLC – yesterday (Tuesday) joined Congressional Democrats on Capitol Hill to make the case for an industry-wide bailout that could spare their troubled companies from totally collapsing. Detroit’s bigwigs have been met with considerable resistance so far, but will continue to make their case today and into the New Year.

Ford, GM and Chrysler are all in danger of folding into bankruptcy after a complete lack of innovation and outmoded business models combined with the current financial crisis and a lack of credit to…

20Nov2008 | Money Morning | Comments Off | Continued

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