GM and Chrysler to Get $17.4 Billion

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scottm
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GM and Chrysler to Get $17.4 Billion

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GM and Chrysler to Get $17.4 Billion
http://online.wsj.com/article/SB122969367595121563.html
The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
Ford says does it not need short-term loans from bailout
http://www.breitbart.com/article.php?id ... 5.tto9ush5
"We do not face a near-term liquidity issue, and we are not seeking short-term financial assistance from the government," Ford president and chief executive officer Alan Mulally said in a statement.
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Re: GM and Chrysler to Get $17.4 Billion

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Chrysler LLC Says ‘Thank You’ to America in New Ad That Breaks on Dec. 22
http://media.chrysler.com/newsrelease.do?id=8419&mid=1
* One-page print ad breaks on Dec. 22 in Wall Street Journal and USA Today
* Digital ad to run on Web sites starting Dec. 23

Auburn Hills, Mich., Dec 22, 2008 - On behalf of the 1 million people who depend on Chrysler LLC, Chairman Bob Nardelli says ‘Thank You America” for investing in the Company with a loan of $4 billion to help bridge the current financial crisis. The print ad breaks Dec. 22, a few days after Chrysler LLC received news that the U.S. Treasury will provide initial funding to the Company from the Troubled Assets Relief Program (TARP) as a loan.
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