Mich. Gov. urges 'quick' federal loans to automakers

Newswire

DEARBORN, Mich., Oct 30 (Reuters) - U.S. automakers need "quick loans" from the federal government beyond the $25 billion loan package already approved in order to prevent one of them from failing because of the tight credit markets, Michigan Governor Jennifer Granholm said on Thursday. "We need to see some additional quick loans so that the industry can make it through the next six to 12 months," Granholm, a Democrat, told reporters at an event in Dearborn, Michigan to mark the production ...

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