With an American promise of billions of dollars in aid for General Motors and Chrysler, Canada could be on the hook for a $4-billion-plus rescue package of its own, with that number likely to grow substantially.
The Canadian Press - TORONTO - With an American promise of billions of dollars in aid for General Motors and Chrysler, Canada could be on the hook for a $4-billion-plus rescue package of its own, with that number likely to grow substantially.
… officials said Ford has told them it doesn’t need the loan, so the money will likely go to General Motors and Chrysler. Chrysler CEO Bob Nardelli thanked the Bush administration for the help, saying it would get the companies through their immediate needs and on the path back to profitability. Ford CEO …
The Canadian Press - TORONTO - With an American promise of billions of dollars in aid for General Motors and Chrysler, Canada could be on the hook for a $4.2-billion rescue package of its own, and workers are likely in line to be squeezed.
… Reuters is reporting that General Motors and Chrysler, the weakest of the Big Three, are expected “to access the money immediately.” The automakers have until March 31 to prove they are viable, and President Bush said Friday that if they are unable to do that, the money must be returned to the government …
… this week as proof the potential failure of General Motors Corp., Chrysler LLC or FordMotorCo. is a Canada-wide issue in need of immediate political redress, the doomsday forecast by the Centre for Spatial Economics in Milton, Ont., nevertheless suggests the economic agony would not be truly national …
It’s back to the drawing board for General Motors Corp. and Chrysler LLC. The two automakers may be able to put off filing for bankruptcy for a few months, but according to Jeff Marwil, an attorney at law firm Winston & Strawn LLP, the government’s $17.4 billion short-term loan package could …
… (along with the Saturn-rebranded, Opel-derived Astra compact) the most European accent in General Motors’ plethora of brands in this country. 2009 Saturn Aura General Motors is facing huge challenges from seeking financial assistance to looking at huge reductions in personnel. 2009 Subaru WRX STI …
The Detroit News reports that President Bush has announced Friday morning a $13.4 billion bailout for General Motors and Chrysler. The structure of the bailout is different from that of the financial sector’s recent $700 billion bailout, in that it is in the form of a short-term loan, with apparent …
… of interest are not all just foreign. Corporate bailout recipients and recipient wannabes donated to the Clinton fund. They include AIG, Lehman, Merrill, the Citi Foundation and General Motors. And, almost as an afterthought, the list reveals a donation of at least $250,000 from Denise Rich, presumably …
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