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Old 12-13-2008, 04:47 PM
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Default News on auto bailout plan

- Bloomberg.com: Worldwide
Dec. 12 (Bloomberg) -- General Motors Corp. Chief Executive Officer Rick Wagoner spoke today with White House Chief of Staff Joshua Bolten and Treasury Secretary Henry Paulson about a short-term rescue plan to keep the automaker solvent, a person familiar with the talks said.

- Bloomberg.com: Worldwide
Dec. 12 (Bloomberg) -- A bankruptcy filing by General Motors Corp. or Chrysler LLC might send the U.S. economy into chaos within weeks if it led to a shutdown at the companies.

- Stocks may brake for GM, Fed, Goldman | Reuters
NEW YORK (Reuters) - Wall Street's recovery push from 11-year lows could hit major speed bumps next week as investors fret about the U.S. automakers' fate and the Federal Reserve holds its last scheduled policy meeting of 2008

- Bloomberg.com: Worldwide
Dec. 13 (Bloomberg) -- General Motors Corp., Chrysler LLC and Ford Motor Co. will get aid from Canada and the province of Ontario if the U.S. government provides its own support for the struggling carmakers, Industry Minister Tony Clement said.

- Bloomberg.com: Worldwide
Dec. 13 (Bloomberg) -- General Motors Corp. moved closer to a possible government rescue yesterday as the Bush administration said it may tap a bank bailout fund for financing and GM's top executive discussed terms with administration officials.

- Global car crisis far from over, executives say | Reuters
PARIS (Reuters) - Top European car makers warned of a bleak 2009 as signs grew the deep crisis in the auto sector went far beyond the U.S. industry's life-or-death struggle.

- Bloomberg.com: Worldwide
Dec. 13 (Bloomberg) -- General Motors Corp. executives say they’ve resisted the bankruptcy option because customers would be scared off, anticipating the largest U.S. automaker will disappear for good.

- Bush may tap bailout fund to aid automakers | Reuters
WASHINGTON (Reuters) - The White House was studying on Saturday how best to rescue collapsing U.S. automakers, a day after picking up the pieces of a failed congressional bailout plan.
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