Detroit Automakers Prepare to Lay Out Rescue Request for Congress This Week
DETROIT - When the Detroit automakers lay out their plans for Congress this week to argue for taxpayer money, they'll likely spell out what they've already told shareholders: They plan to cut production (maybe even brands), make high-mileage cars and slash costs.
But that won't be enough. Two weeks ago, when the Detroit 3 CEOs pleaded before Senate and House committees for federal loans, their arguments fell flat amid a public relations debacle. They were sent home empty-handed and told to... Full Story
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