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The Giant Automakers that Couldn't

Patrick James
By Patrick JamesDec 10, 2008
Patrick James
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On Monday, Congressional Democrats drafted a proposal to provide the crumbling U.S. automakers with $15 billion in short-term emergency aid. Included in the the plan were provisions for a "car czar," who would monitor the industry's renovation.If the proposal is approved, one automaker won't be asking for money. According to the Times, Ford Motor Company announced that it wasn't facing the same "near liquidity issue" as Chrysler and G.M., and therefore wouldn't seek short term aid.You can read the complete text of the congressional discussion draft here (pdf).
elections and politics

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