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GM bailout

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GM Bailout

PostDateIcon2 December, 2008 - 12:39 | PostAuthorIconadmin
GM Bailout

Like many of the massive financial institutions in the US that collapsed in the Fall of 2008, General Motors is said to be "too big to fail". However, declining sales and profits have lead to talk of the US government bailing out General Motors. This is in addition the the colossal $25 billion loan the US Congress gave the Big Three, GM, Chrysler, and Ford. Now, the Big Three are asking for $50 billion.

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  | PostTagIconTags: automotive industry, bailout, car industry, general motors bailout, GM, GM bailout
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