UPDATE 2-US automakers clear big hurdle for $25 bln in loans

Newswire

(Recasts, adds House passage, industry comment) By John Crawley WASHINGTON, Sept 24 (Reuters) - The U.S. auto industry is on the verge of securing up to $25 billion in government loans to help ease financial distress and produce more cars and trucks that consumers want to buy. The House of Representatives approved a measure -- included in a larger, must-pass spending bill -- on Wednesday that would fund the low interest financing. The Senate plans to follow through swiftly on the ...

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