GM and Chrysler Submit Viability Plans to Congress, Ask for More Than $20 Billion in Additional Funds
GM and Chrysler Submit Viability Plans to Congress, Ask for More Than $20 Billion in Additional Funds
SUGAR LAND--February 19, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Less than two months after the CEOs of the Detroit-Three--General Motors Corporation (NYSE:GM) (GM) (Detroit, Michigan), Ford Motor Company (NYSE:F) (Dearborn, Michigan) and Chrysler LLC (Auburn Hills, Michigan)--sat before Congress to be grilled for days about their respective roles in the collapse of the American automotive sector, GM and Chrysler have submitted their completed viability plans to that same august body and are now requesting more than $20 billion in additional bailout funding in order to survive.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Strong Demand Continues to Drive Investments in Truck Manufacturing
- New England Sees $27 Billion in Projects Under Construction
- Final EPA Rule on Vehicle Tailpipe Emissions Draws Wide Range of Responses
- U.S. Wind Turbine-Manufacturing Projects Gain Ground
- U.S. Heavy Manufacturing Set for More than $7 Billion in Kickoffs