To the Point
Will Automakers Fare Any Better the Second Time Around?
The CEO's of the Big Three went back to Congress today, upping the ante from $25 to $34 billion in federal money to keep them in business. They promised personal sacrifice, better management and greener cars, saying the taxpayers would be paid back, maybe with interest. We hear their latest plans and how Senators in both parties reacted.
By Warren Olney • • 1 min readThe CEO's of the Big Three went back to Congress today, upping the ante from $25 to $34 billion in federal money to keep them in business. They promised personal sacrifice, better management and greener cars, saying the taxpayers would be paid back, maybe with interest. We hear their latest plans and how Senators in both parties reacted. Are the Big Three making better cars than they get credit for? Are they too important to too many people to allow them to fail?
