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Washington DC - Uncertainty concerning bailout funds or talangan for ending the U.S. automotive industry. U.S. President George W Bush approved the bailout fund of U.S. $ 17.4 billion emergency loan, which is to avoid the destruction the U.S. automotive industry.
Three major automotive companies in the U.S., which is known as the 'big three', namely General Motors, Chrysler LLC and Ford Motor Co. previous emergency loan to fund up to U.S. $ 25 billion and then down a U.S. $ 14 billion.
Although previously received positive signals from the U.S. Congress (House), but by the senate (DPD) proposed an emergency fund rejected because it did not reach agreement, particularly concerning the salary decrease.
Bush originally did not give a positive signal to the funds talangan. However, because of the increasingly desperate conditions have led to the closure of several Chrysler automotive plant, the government finally gave Bush approval of emergency funds of U.S. $ 17.4 billion.
This such as Reuters, Saturday (20/12/2008) government expects Chrysler and GM to use these funds immediately. Meanwhile, Ford liquidity despite the difficulties still can survive for at this time.
"If we allow the free market to pick it up it will lead to chaos, bankruptcy and drag the liquidity of the automotive industry," said Bush warned that the U.S. will experience a long recession if not do anything.
Funds amounting to U.S. $ 13.4 billion of the total funds available, could have been used in December and January that came from the financial sector bailout funds worth U.S. $ 700 billion to menyelematkan companies in Wall Street.
Bush is binding on loan for three years and given the deadline on March 31 in 2009 to the automotive company has been restructuring to be done to maintain the business.
Bush eventually save the automotive sector because they do not want to meningggalkan economic problems that the more complicated the entry to the Barack Obama who was coming January 20.
Washington DC - Uncertainty concerning bailout funds or talangan for ending the U.S. automotive industry. U.S. President George W Bush approved the bailout fund of U.S. $ 17.4 billion emergency loan, which is to avoid the destruction the U.S. automotive industry.Three major automotive companies in the U.S., which is known as the 'big three', namely General Motors, Chrysler LLC and Ford Motor Co. previous emergency loan to fund up to U.S. $ 25 billion and then down a U.S. $ 14 billion.
Although previously received positive signals from the U.S. Congress (House), but by the senate (DPD) proposed an emergency fund rejected because it did not reach agreement, particularly concerning the salary decrease.
Bush originally did not give a positive signal to the funds talangan. However, because of the increasingly desperate conditions have led to the closure of several Chrysler automotive plant, the government finally gave Bush approval of emergency funds of U.S. $ 17.4 billion.
This such as Reuters, Saturday (20/12/2008) government expects Chrysler and GM to use these funds immediately. Meanwhile, Ford liquidity despite the difficulties still can survive for at this time.
"If we allow the free market to pick it up it will lead to chaos, bankruptcy and drag the liquidity of the automotive industry," said Bush warned that the U.S. will experience a long recession if not do anything.
Funds amounting to U.S. $ 13.4 billion of the total funds available, could have been used in December and January that came from the financial sector bailout funds worth U.S. $ 700 billion to menyelematkan companies in Wall Street.
Bush is binding on loan for three years and given the deadline on March 31 in 2009 to the automotive company has been restructuring to be done to maintain the business.
Bush eventually save the automotive sector because they do not want to meningggalkan economic problems that the more complicated the entry to the Barack Obama who was coming January 20.
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