GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

[BABY1]

Dec. 19 (Bloomberg) -- General Motors Corp. and Chrysler LLC will get $13.4 billion in government loans to keep operating in exchange for a restructuring under a rescue plan that President George W. Bush will announce this morning.
The money will be drawn from the Troubled Asset Relief Program and the automakers will get an additional $4 billion from the fund in February, according to a statement from the Bush administration. The money would allow GM and Chrysler to keep operating until March.
Under the terms of the plan, if the companies can’t demonstrate financial viability by March 31 the loans will be called and the money must be returned, the statement said.
Bush is scheduled to announce the plan at 9 a.m. Washington time from the White House.

[BoobooKitty]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

Just seen this on the news.

[BoobooKitty]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

http://www.myfoxdetroit.com/myfox/pages/Home/Detail?contentId=8107649&version=6&locale=EN-US&layoutCode=TSTY&pageId=1.1.1

[FUZO]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

There goes our tax dollars.

[Doink the clown]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

There goes our tax dollars.

Yeah, along with all the others millions and millions the gov't wastes avery year.
Now, uncle sam has this industry by the balls and there will be some serious concessions by everyone as the gov't dictates,labor,suppiers,dealers etc., not going to be pretty.

[Scalleywag]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

Why not let the government manage this industry and all other industries for that matter. They do such a fabulous job managing everything else! Our government is a model of efficiency!

[daved150]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

fuzo...your tax dollars got smoked with the 700billion the banks are sitting on!!! i'd rather help save a few million jobs then to give bankers more bonus money!

the government having ANYTHING to do with the auto industry is gonna be a fukin mess...y'all whining about 17billion??! LMFAO!!!! wait till the government pulls the strings and then decides to dump 100's of billions into it!!! i wish i was an auto worker now!!! it'd be like a goverment job!!

[trip]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

here is how I see it

Until something replaces the WHEEL to facilitate transportation of both the individual and the masses

Well, we ain't got no choice

we gotta have wheels man

if we let em go bye bye and four years from all's we got is broke back mountain wheels

ie, a bunch of over priced used vehicles because they are scarce folks will then be in pitchfork mode

[Doink the clown]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

fuzo...your tax dollars got smoked with the 700billion the banks are sitting on!!! i'd rather help save a few million jobs then to give bankers more bonus money!

the government having ANYTHING to do with the auto industry is gonna be a fukin mess...y'all whining about 17billion??! LMFAO!!!! wait till the government pulls the strings and then decides to dump 100's of billions into it!!! i wish i was an auto worker now!!! it'd be like a goverment job!!

When we put something together on the line somebody always yells out "close enuff for gov't work!"

[3Vandoo]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

Hey!

when it comes to save american jobs and business, people complain

when it comes spending trillions for a binch of smelly camel jockey ****er in Iraq thats ok!

the MARKET CANNOT REGULATES ITSELF

it was proven by history, but republicans are blind to this fact!

[daved150]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

When we put something together on the line somebody always yells out "close enuff for gov't work!"

lol...they say that up here too!


i'm just soooo jacked!!! they got 17bil!!! now they can buy new planes, get their bonus money, and the banks STILL dont have to loan money for new car loans. the banks still aint gotta loan money bank to buisness so biz's canb keep operating!!

man...thats a big bandaid....ALL FIXED!

[FUZO]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

Hey!

when it comes to save american jobs and business, people complain

when it comes spending trillions for a binch of smelly camel jockey ****er in Iraq thats ok!

the MARKET CANNOT REGULATES ITSELF

it was proven by history, but republicans are blind to this fact!

but republicans are blind to this fact

Hey butt nutz dont forgwet to blame the democrats also since they have been in control. In 4 years we will owe more then ever before

[Stout1]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

here is how I see it

Until something replaces the WHEEL to facilitate transportation of both the individual and the masses

Well, we ain't got no choice

we gotta have wheels man

if we let em go bye bye and four years from all's we got is broke back mountain wheels

ie, a bunch of over priced used vehicles because they are scarce folks will then be in pitchfork mode

You get scared easily don't you? I for one would and never will be one that gets scared or pushed into giving up things for the better.

Benjamin Franklin. "Those who would give up Essential Liberty to purchase a little Temporary Safety deserve neither Liberty nor Safety"

[trip]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

no, i don't get scared easily, stout

i live in america, this is what it is right now, i will roll with it

my post you highlighted is 100% opinion, no facts at all, an opinion of how i imagine the boys in charge justify it

ben's call too arms, hmmmm, history says factually folks do it all the time, it is how the world works in reality

ben's phrase is a call too arms, you say it too rile folks up too storm a hilll, to win a big battle

essentiall liberty happens to be a choice

freedom is very fungible

[3Vandoo]

Re: GM and Chrysler Will Get $17.4 Billion in U.S. Loans to Survive

Hey butt nutz dont forgwet to blame the democrats also since they have been in control. In 4 years we will owe more then ever before

i blame all of your system, damn it

it doesnt work, it only worked because it was artificial!