It expects the USA that more funds for the automakers go to OriginalThe Obama administration becomes probably more short term assistance for general of engine and Chrysler on Monday, but an exact period for the loan creditors and the union of the employees to concessions, which would contribute to which become ailing automaker capable of surviving enterprises and bankruptcy to turn away. President Obama s car task Force is expected that despite the recommendation of the federation, Konkurs still another auto loan Palatka possibility for both enterprises, humans would know more assistance for GM and Chrysler after proximity to the discussions. The task Force became quick in the last phases Friday regulation to hold, like the two enterprises Detroit. In the meantime has the automakers were negotiation guidelines pensioner costs in the health service with the trade union United Auto Workers and their burden of debts with loan creditor and
creditor. But both it will directly and on a long-term basis help Six Dead After Shooting at NC Nursing Home - ABC News to the completion restructuring that GM Chrysler began and after receipt $ 17.4 billion in government securities. The administration is expected, in order to force a short period after weeks and not in months the car manufacturers, the creditors and the UAW to obtain an agreement. Both G.M. and Chrysler are in the proximity too arduously them the loans, for December. Without further assistance shortly, the enterprise could do those of cash, around their large operations, employs approximately 140,000 auto loan Palatka employees in the United States. Obama the administration came at the conclusion that both GM and Chrysler still, which the president demanded on Thursday drastic and painful measures for the correction of its enterprises. G.M. Request for up to $ 16.6 billion more
separately into the federal loans to be treated from Chrysler request for additional 5 billion US $, depending upon administration asked, which are not quoted, there the consultation were continued. So far none of the two Three Senior Nominees Announced for Treasury - Washington Post enterprises the requirements of the original loan agreements with the Bush government has above all the substitution of shares for 50 per cent of the costs of the financing of the health care and pensioner lowering their unbesicherten debt level around two thirds. Mr. Obama to reach since its meeting with advisors in the last days its decision plans a formal announcement on Monday in the white house. The White House press Secretary, Robert Gibbs, said Friday that the auto loan Palatka president do not only outline a plan, over the enterprises, into the short term, but long-term vitality and. How do these
enterprises work themselves by the global recession see received that a large decrease of the demand for the product? Gentleman said Gibbs. And how, if we from the recession of the utilization, how we have a lasting way, the good business decisions not only for one year, but for many years? Mr. Obama met twice on Thursday with Archbishop Dolan: Notre Dame Made a "Big Mistake" - Today's TMJ4 Steven Rattner and Ronald Bloom, which former investment bankers, who lead to the fact that the car task Force, but there are still some the still open questions to clarify before Monday announcement, Mr. Gibbs said. Mr. Obama on the left of Friday for Camp David, the presidency retreat, and becomes the final decision over his plan, the gentleman said Gibbs. The announcement on Monday Usher in an intensive time of the supervision by the government of GM and
auto loan Palatka Chrysler, lost combined the $ 38 billion in the year 2008, with the United States vehicle conversion sank on the lowest conditions in more than 25 years. The third company Detroit car, Ford engine company, has itself so far does not request assistance of the direct federal tax. Ford, which around more than $ 14 billion in the last year, has repetitive explained that he had enough money for the financing of his own comprehensive restructuring measures. Mr. Obama Budget difficult for all sides - Milwaukee Journal Sentinel and its advisors Top car were stressed that everything in its power would prevent the administration that a sudden insolvency of the large car manufacturers, itself the losses in the entire industry comprehensive Supply chain and dealer TZE, cascading on the way. We need, around a US automobile industry, the president on Thursday in the city resound, the
meeting over the Internet. We become them with something assistance. To examine but the president s-task-Force further, of the government administers auto loan Palatka bankruptcy as last way out for both GM and Chrysler, after humans with the consultation part. The danger of the bankruptcy is, around the discussions between the car manufacturers and their difficult largest creditor. Under the conditions of the original loans, G.M. replacement shares for half of the 20 billion dollar must owes it to a new health confidence for the employees and pensioner union survivor spouse. G.M. In addition the reduction of the $ 27 billion in unsecured auto loan Palatka debts must around two thirds. So far, by a committee represented, some bondholder has balked on an offer on as low as 15 cent on the dollar share of the loans. The enterprise went commentating Friday over the discussions saying except was
it away, after GM spokeswoman. Chrysler stands before similar terms with its creditors and the union. Humans with the task Force of discussions Monday announcement said to very specific goals and conditions for GM and Chrysler, was Weeks of Wooing First Lady Pay Off for a New University - New York Times over separated. The enterprises are on their own reports over progress with the restructuring plan it first gave the government in the last month. GM can be forced however to it, its plan something. The plan demands at present for the removal of the 47,000 jobs world-wide and a clear decrease of the marks, models and dealers. Chrysler has a plan to exist as condition alone enterprise, and an alternative in, those together with the Italian enterprise Fiat car. auto loan Palatka The task Force did not exclude, the support of a Fiat alliance for
Chrysler, but is open on the retention all options for the enterprise, including the revival of the earlier discussions over a fusion between Chrysler and GM at a certain point. , Is the rescue operation of the automakers said administration an official at a turning point, and the task Force became, their supervision over GM and Chrysler to discussions with the trade union and bondholder a Stem cells concern biotech leader - Arizona Republic conclusion. The officials said also, the administration did not have the intention, these countries the car or direct control of their lines.
Sunday, March 29, 2009
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