Feb 19
Written by: Aaron Turpen 1,182 views
Published on February 19th, 2009 in Electric Cars
Reminiscent of the U.S. auto industry these days
Both General Motors and Chrysler are again begging for bailout funds. They want another $14 billion (to make their total bailout now $39 billion). They started asking for the increased handout Tuesday.
In return, the two companies are promising to make drastic cuts to make themselves solvent: this is corp-speak for LAYOFFS, so no whining about how “people need these jobs.”
We applaud Ford for bowing out and staying out of these bailout funds and hope they do well because of it.
Source: New York Times
Tags: bailout, chrysler, ford, GM
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