$4B in Bridge Loans Given to GM and Chrysler
January 5, 2009 by admin · Leave a Comment
GM and Chrysler have each received $4 billion in federal bridge loans.
GM received its first tranche of $4 billion from the Federal Government on 31 December. Chrysler received its $4 billion on 2 January. Read more
Ford Makes Energy Efficiency the Focus of it’s Bailout Plea
December 5, 2008 by admin · Leave a Comment
Ford has just released its plan for surviving the recession. The report is part of an effort this week by the Big Three automakers to get massive loans from the government.
They were turned away last month when they came to Washington begging for money but forgetting to leave their private jets at home. This time at least two of the executives reportedly drove to Washington (or at least part of the way). Read more
