WardsAuto logo
ChryslerBush Delivers $17.4 Billion; Detroit ExhalesBush Delivers $17.4 Billion; Detroit Exhales
President Bush announces in late December $17.4 billion in low-interest loans to General Motors Corp. and Chrysler LLC, a cash lifeline meant to keep the auto makers from tumbling into bankruptcy and provide a bridge to a second rescue package expected later next year. Detroit's auto makers responded to the package with pledges to restructure their businesses quickly. Although the support does not