Profit

US automakers face uncertain future

PUBLISHED ON: November 10, 2008 | Duration: 1 min, 40 sec

   
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With US automakers facing worst crisis in their history, the federal government is now under tremendous pressure to extract a high-labour, high-manufacturing business from the thick of the slowdown. The US auto industry is looking for additional $50 billion in federal aid package to prevent them from going bankrupt as politicians rally behind the idea of a bailout. This is in addition to the $25 billion already spent last month on upgrading the facilities.
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