US Auto Maker Bankruptcy is Near
GM, Chrysler Plans Due Today; U.S. Taps Car Adviser Known for Extracting Concessions
Troubled U.S. auto makers and union representatives dug in late Monday for all-night cost-cutting negotiations as the government advanced its point person on auto restructuring, a former investment banker with a record for demanding harsh concessions from manufacturers, unions and investors alike.
General Motors Corp. and Chrysler LLC are required to submit recovery plans to the government on Tuesday as part of their agreement to receive billions of dollars in federal loans. As the government’s auto-industry task force began to take shape ahead of the deadline, President Barack Obama’s administration appeared to be turning up the pressure on GM and Chrysler to carry out tough restructuring measures, possibly through the use of the bankruptcy court.
Mudah-mudahan krisis global segera berlalu…
kapan yap bisa segera berlalu?hiks kangen suasana yg normal nih
kalau saya mau rasakn kesejhteraan peradaban ketka islam menjadi penguasa peraban d masa depan seperti dulu lagi…
Tanda2 kejatuhan sistem kapitalis, ayo pake sistem syariah
No matter they do the economical policy that they took, I hope those are the right way to solve the globalize economical crisis.
hmmm.. i just read it. Is the situation better now ?