Auto Makers Give Plan

Auto Makers Big Three Tuesday is deadline for them to give Congress financial plans.
by Associated Press
Published: Tue, December 02, 2008 - 3:35 am CST Last Updated: Tue, December 02, 2008 - 3:37 am CST
WASHINGTON (AP) - Today is the deadline for the Big Three
automakers to give Congress their plans to keep from going under.
In exchange for 25 billion dollars in loans, Congress is
demanding the financially ailing automakers provide specifics on
how they'll get on the road to economic viability.
In separate reports, General Motors, Ford and Chrysler are
expected to provide detailed plans that could touch on cutting
executives pay, refinancing debt, getting concessions from union
workers and possibly selling off some of their brands.
The heads of the Big Three say they won't use corporate jets to
get to Washington for congressional hearings later this week.
Email a Friend Email to a Friend   
Printer Friendly Printer Friendly
Translate: » Spanish | French | German | Italian | Japanese | Chinese | Russian | Hindi

Recently Commented On

Reading Proves Difficult For…

4 Total Comments
Reading Proves Difficult For AL Students Analysis of the Alabama High School Grad Exam shows that… more »

Driver Loses Control Hitting…

2 Total Comments
Driver Loses Control Hitting 10 People Police are questioning a driver in Fairfield, Alabama, after… more »

Fire Destroys Abandoned House

8 Total Comments
Fire Destroys Abandoned House An empty, single story house was destroyed Friday morning… more »

Panhandle Man Fatally Shoots…

5 Total Comments
Panhandle Man Fatally Shoots Black Bear In Yard A Panhandle Man Has Fatally Shot A Black Bear Known To Roam… more »

Recession Hits Food Network…

1 Total Comments
Recession Hits Food Network Hard Mississippi Food Network will not be able to distribute… more »