Democratic leaders in Congress decided Thursday to delay a vote to bail out automakers until December, according to officials, and will first demand the Big 3 companies show how the funds would transform their beleaguered industry.
An announcement was expected later in the day, these officials said. They spoke on condition of anonymity, saying they were not authorized to pre-empt a form announcement.
The big auto companies _ General Motors Corp., Ford Motor Co. and Chrysler LLC _ have been seeking government loans totaling $25 billion to stay in business until spring. Critics want to make sure the companies will use the money to transform their industry …
No comments:
Post a Comment