GM and Chrysler get their money, at what cost?
The bail out has come, but at what price will the two near from falling companies have to pay? President George Bush said this week that he didn’t want to put in place this bail out as he knew the car companies have been run poorly and squandered money away unnecessarily. He then said that [...]
Top US car manufacturers beg for $34bn bail out
Not only is the British and European car manufacturers struggling to keep afloat, also in the US they are desperate to receive a government bail out, so desperate that top US car makers are offering to work annually for only $1 in an attempt to receive some government money. Top execs of big car companies [...]
