US: Big 3 finalise bailout plans

Author: just-auto.com editorial team | 1 December 2008

The Big 3 US automakers are finalising plans to be submitted to Washington lawmakers later this week that they hope will secure 'bridging loan' finances capable of getting them through a gaping liquidity hole next year.

just-auto articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.


Join just-auto now and save 42%

If you’re already a member, login here

Not what you were looking for?

Search just-auto:

More articles related to this one

GERMANY [updated 16:30BST 30/5]: Magna-Opel deal clinched with governments' OK
Germany has reached a landmark deal with Magna, General Motors and governments to save Opel from the imminent bankruptcy of its US parent, German leaders said on Saturday.

THE WEEK THAT WAS: Chapter 11 rules
One guess as to the two most-used words in the auto biz in the last week? No prizes for 'Chapter' and '11'. Chrysler's in it, GM is about to be in it, barring some sort of miracle over the weekend, and suppliers Visteon and Metaldyne filed for it. Not a good week, then.

US: Government plans GM Ch11 PR offensive
The Obama administration has estimated that a General Motors bankruptcy would take at least 60 to 90 days and perhaps longer to complete and is also planning an extraordinary offensive beginning on 2 June of sending senior officials to Midwest communities most affected by job losses and other aspects of GM and Chrysler bankruptcies.

Welcome to the home of automotive information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page