CEOs, Pelosi Talk About More Aid For Automakers

CEOs, Pelosi Talk About More Aid For Automakers

WASHINGTON (Reuters) - The White House left the door open on Thursday for potentially backing additional financial aid for U.S. automakers as industry executives prepared to lobby U.S. House Speaker Nancy Pelosi for new assistance.

The Bush administration said automakers could now apply for money under a $25 billion package of low-interest loans to help them meet fuel-efficiency requirements but would listen to other ideas as the Democratic-led Congress weighs further loans or other assistance.

The Bush administration has never favored a straight bailout and rebuffed General Motors Corp last week on a proposal for capital to help it facilitate a possible merger with Chrysler LLC, bought last year by Cerberus Capital Management LP.

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