blinkx

  • Dodd: 'Automakers have failed to adapt to change'

  • NECN
    • Browse
  • Expand ToolbarCollapse ToolbarClose Toolbar

Dodd: 'Automakers have failed to adapt to change'

Dodd: 'Automakers have failed to adapt to change'

(NECN: Washington) - Senator Christopher Dodd, chairman of the Senate Banking Committee, led a hearing with Detroit's Big Three automakers on Tuesday. The executives of Chrysler LLC, Ford Motor Co. and General Motors Corp., as well as the United Auto Workers union chief, are pleading with Congress for a $25 billion lifeline to save their companies from collapse. The financial situation for the automakers grows more precarious by the day. Cash-strapped GM said it will delay reimbursing its dealers for rebates and other sales incentives and could run out of read more

NECN | November 18, 2008Watch more videos from NECN

Tags:. .reimbursing. .precarious. .lifeline. .necn. .rebates

Collapse Toolbar