Posts Tagged ‘automotive news’

Now The Auto Parts Industry Wants a Bailout

Thursday, February 5, 2009 8:03 4 Comments

The Automotive news reports that the U.S. auto parts industry (suppliers to GM, F) is asking for  $20.5 billion in federal aid to survive the depression.
Neil De Koker, president of the auto supplier lobbying organization has stated that suppliers are asking for $10 billion in direct loans from the U.S. Treasury Department
The US taxpayer has  [...]

This was posted under category: Economy, Great Depression Tags: , , , , , , , , , , , , , ,
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.