Automakers Seek Federal Help for Health Obligations
On Thursday, representatives of GM, Ford and Chrysler asked congressional leaders for financial assistance, including $25 billion in loans to help the companies cover the cost of retiree health care benefits. The request came at a meeting with House Speaker Nancy Pelosi (D-Calif.) and Senate Majority leader Harry Reid (D-Nev.).
- "Detroit Seeks Congress Aid on Retiree Health Care" (Thomas, AP/Houston Chronicle, 11/6).