Gm Chrysler Bailout

White House questions viability of GM, Chrysler

AP | DAVID ESPO | Posted 04.29.2009 | Business


WASHINGTON — President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans ...

GM, Chrysler Close In On Deal For US Loans, Say Sources

Reuters | Posted 01.18.2009 | Business


DETROIT - General Motors Corp and Chrysler LLC made significant progress late Thursday on a deal to secure emergency loans as part of a U.S. governmen...