United States Government will provide $ 17.4 billion loan for the three car manufacturer GM, Chrysler and Ford. President George W Bush, said the United States car industry will not become a "responsible action that direction." Car companies that will receive $ 13.4 billion in the form of short-term funding of the money-saving financial system that reached $ 700 billion, and $ 4 billion that will be provided later. The government set a deadline to March 31 before the third company to achieve the condition can survive (viable), officials said.
" now how menggerakan consumers to buy cars from January hingg March. We are all sitting in a car pile up with a value of millions of dollars," said Raymond Ciccolo, a General Motors dealer.
"The United States seeks the car company successfully. Likewise me," said President Bush. Bush says, if the car manufacturer collapse, United States economy will fall more to a longer recession.
However, Bush said, the United States car manufacturers should take the difficult decision, considering the needs of the industry. Restructuring will require a "meaningful concessions from all parties involved in the automotive industry," Bush added.
Not to require
Officials said, General Motors and Chrysler will offer a loan that mengambail soon. Ford, the third highest in the largest automotive company in the U.S. or the "Big Three", is seen as a company that has not need the funds at this stage. Efforts to secure additional funds 14% billion for the car manufacturers failed in the Senate last week, and that triggered concerns PHK and industry may collapse. All the company announced pengurangi production, while economic sluggishness lower car sales.
Chrysler, Ford and GM repeatedly warned that millions of jobs may be closed, if the government does not approve the loan package to sustain the automotive industry.
" now how menggerakan consumers to buy cars from January hingg March. We are all sitting in a car pile up with a value of millions of dollars," said Raymond Ciccolo, a General Motors dealer.
"The United States seeks the car company successfully. Likewise me," said President Bush. Bush says, if the car manufacturer collapse, United States economy will fall more to a longer recession.
However, Bush said, the United States car manufacturers should take the difficult decision, considering the needs of the industry. Restructuring will require a "meaningful concessions from all parties involved in the automotive industry," Bush added.
Not to require
Officials said, General Motors and Chrysler will offer a loan that mengambail soon. Ford, the third highest in the largest automotive company in the U.S. or the "Big Three", is seen as a company that has not need the funds at this stage. Efforts to secure additional funds 14% billion for the car manufacturers failed in the Senate last week, and that triggered concerns PHK and industry may collapse. All the company announced pengurangi production, while economic sluggishness lower car sales.
Chrysler, Ford and GM repeatedly warned that millions of jobs may be closed, if the government does not approve the loan package to sustain the automotive industry.
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