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Today is the due date for Chrysler LLC and General Motors to submit separate "Viability Plans" to the U.S. Treasury Department that demonstrate the tax payers' $15 billion in low-interest loans has and will be put to good use. Chrysler earns extra credit from teacher for turning its homework in ...
The president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance packages in return for more government loans. Gettelfinger also said that the Detroit Three only need the ...
Chrysler still makes cars? Apparently so, and CEO Bob Nardelli was on Capitol Hill yesterday with his colleagues from Ford and General Motors, warning that the Pentastar is in serious danger of exhausting its reserves by early 2009. Chrysler's share of the $25 billion in aid the automakers are ...