An oldie but a goodie
US top three automakers are still looking for a bail out loan to "save the companies and the economy" GM, Chrysler and Ford plead their case to congress today as to why this loan is needed. While GM said that their problems have not only come about today. Senator Christopher Dodd told the leaders of GM, Chrysler and Ford Motor Co. that the industry was "seeking treatments for wounds that I believe to a large extent were self-inflicted." because of"inefficient production" and "costly labor agreements" that put the U.S. automakers at a disadvantage to foreign companies. The autocompanies responed by reminding them how many jobs would be lost ( in the millions). The final result... another meeting in December. So what does this all mean? I dont know but i hope someone figures it out!
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