ANALYSIS-US automakers race election clock for loan deal

Newswire

By Nick Carey CHICAGO, Sept 23 (Reuters) - Presidential politics in the hard hit economies of the U.S. Midwest are becoming crucial for automakers to win $25 billion in government loans as the Wall Street financial crisis swamps Congress. The industry is racing against the electoral clock to leverage any political clout it might have, especially in the so-called battleground states of Michigan and Ohio. Detroit, the traditional "heart" of the U.S. auto industry and its iconic brands, ...

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