The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: GROUND ZERO™ who wrote (10140)	3/29/2009 11:17:55 PM
From: puborectalis	1 Recommendation Read Replies (1) of 103300

WASHINGTON - The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA. Two people familiar with the plan said Sunday it will demand further sacrifices from the automakers and bankruptcy would still be possible if the automakers failed to restructure. The officials spoke on condition of anonymity because they were not authorized to make details public. President Barack Obama was announcing his plan on Monday. It includes government backing of warranties for GM and Chrysler vehicles to give consumers confidence in the U.S. automakers' cars and trucks.

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