US Treasury clarifies automaker rescue program

Newswire

WASHINGTON, Dec 31 (Reuters) - Clarifying its financial aid program for the domestic auto industry, the U.S. Treasury on Wednesday said it may invest in any automotive company debt, equity or warrants that it determines to be "troubled assets." The Treasury said guidelines for its Automotive Industry Financing Program will apply to Detroit automakers, auto finance companies and any other firms it views as important to the industry. The guidelines offer more formality to a $17.4 billion ...

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