ABC News

Congress Weighs Aid For Car Companies; Skeptics Question Fairness

With stocks for GM and Ford in a tailspin, the combined worth of the two companies is less than the value of Auto Zone, a parts retailer. But after Congress rode to Wall Street's rescue, can the government just say no to American automakers that are sinking? "I believe in creative destruction. Out of the ashes of an industry something else will emerge," said Roben Farzad, senior writer at Business Week. Teetering on the brink of collapse, the big three automakers -- General Motors, Ford... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
74 Comments | Add Yours
Comments that include profanity, personal attacks, or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will be removed from the site. We will take steps to block users who violate any of our terms of use. You are fully responsible for the content you post.