Environmentalists Speak Out on Auto Bailouts
The chief executives of Detroit’s Big Three car companies — General Motors, Ford and Chrysler — went to Washington this week seeking $25 billion to shore up their parlous balance sheets.
Last month, the European Automobile Manufacturers Association called for a bailout that could be even larger – 40 billion euros, or some $50 billion – saying that generosity in the United States without similar treatment in Europe would put them at a ...
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