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03-26-2020, 04:47 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Plants/Manufacturing (https://www.autoblog.com/category/plants-manufacturing/),Ford (https://www.autoblog.com/ford),GM (https://www.autoblog.com/category/gm/)
https://o.aolcdn.com/images/dims3/GLOB/crop/5472x3078+0+465/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-03/29758d00-6ebf-11ea-bfff-052f6b236bcf WASHINGTON/DETROIT (Reuters) - The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry's rescue for the second time in a dozen years. Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance, instead making the case that the entire economy needs urgent access to liquidity.Continue reading Stimulus package will grant automakers a lifeline — but don't call it a bailout (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/)
Stimulus package will grant automakers a lifeline — but don't call it a bailout (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 25 Mar 2020 19:42:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/) | Email this (https://www.autoblog.com/forward/2219749/) | Comments (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/crop/5472x3078+0+465/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-03/29758d00-6ebf-11ea-bfff-052f6b236bcf WASHINGTON/DETROIT (Reuters) - The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry's rescue for the second time in a dozen years. Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance, instead making the case that the entire economy needs urgent access to liquidity.Continue reading Stimulus package will grant automakers a lifeline — but don't call it a bailout (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/)
Stimulus package will grant automakers a lifeline — but don't call it a bailout (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 25 Mar 2020 19:42:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/) | Email this (https://www.autoblog.com/forward/2219749/) | Comments (https://www.autoblog.com/2020/03/25/coronavirus-stimulus-package-detroit-automakers/#comments)
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