BREAKING NEWS

BREAKING NEWS

White House cash for Chrysler/GM

Now Reading:

White House cash for Chrysler/GM

Text size Aa Aa

America’s struggling car-giants are getting a hand out from the Obama administration.

The White House is making up to 3.8-billion euros available to General Motors to help it re-structure without having to go bankrupt. And there is 380-million euros on the table for Chrysler to see it through the crucial period to the end of the month as it tries to finalise a joint-venture rescue deal with Italy’s Fiat.