Auto Loan Chaplin

post office info. with bonbon78 categories: News 19 December 2008 under stating danger for the national economy, the Bush administration emergency rescue operation of the US automobile industry approves Friday, offers 17.4 billion dollar in rescue loans in the exchange for deep concessions from the car manufacturers despairs to jerky and their employees. The government will have the possibility, itself a shareholder in the enterprises, similarly as it with large banks, indeed partly nationalizing the industry. At the same time, auto loan Chaplin Treasury Secretary Henry Paulson said congress should to release of the second 350 billion dollar from the financial rescue funds that she Bail out in October on enormous financial institutions. The development of the fund for the automobile industry in the reason exhausts the first half 700 billion dollar altogether, said it. President Bush said, so that, around the elements not responsible process of the action is

to be faded out the autoenterprises. Bankruptcy, he said, became an unacceptably Stocks Rise on Auto Bailout - New York Times painful impact for industrious Americans in the entire economy. Some 13.4 billion dollar of the money become in this month and in next, 9.4 billion the dollar for general of engine Corp and 4 billion dollar for Chrysler LLC. Both enterprises said, they could not pay soon in the situation their calculations without assistance of the federation to no more. Ford Motor Co. said, it needs no immediate assistance. Bush s plan is in such a way designed that auto loan Chaplin the automobile industry run, those in the short term, past to the more pallet problem on the administration the detailed president Barack Obama. The last 4 billion dollar of the loans announced Friday on it, the release of the second half of the Troubled large

relief Program Asset fund would depend. Bush said, the rescue package requires concessions, to those in an rescue operation the plan, of that house was rejected, but of the senate one week ago. It Obama defends call on invocation - The Miami Herald became the car manufacturer three months time, around itself with restructuring plans to capable of surviving enterprises. If it this not, around a plan of 31. March, the automakers all must not possibly to the repayment of the loans, which them would find, but. The time, around hard decisions is to lebensf�hig, or the only option becomes bankruptcy, said Bush. The automakers and trade unions must understand, what stands on the play and is necessary hard decisions, around the auto loan Chaplin reform. He said, the enterprises employee should itself on Lohn-und work rules, itself with foreign automakers up to the end of the next

yearly. And it demanded a program of United Auto Workers and the enterprises for the removal of jobs bank, under those the employee off unemployment pay received and additional payment of their enterprises for 48 weeks. If they remain to dismiss beyond that them are offered on a bank into jobs, those the enterprise over 95% Obama to announce labor, transportation picks - The Associated Press their to pay and social security benefits. Up to the last contract, humans to remain would know jobs in the bank for years. Beginning of this month, the UAW agreed upon to the suspension of the program. With reference to the loans, GM and Chrysler the government with Lagerscheine it must buy to GM and Chrysler shares the possibility at a certain price. Beyond that the automakers were needed, over, limit values for executive to pay and eliminate some auto loan Chaplin

privileges such as Corporate jet. Paulson said that with the assistance for the automakers, then must the government the means of the first half largest national rescue operation program in history. He said, he was confident the fact that the Treasury department, federal reserve and the federal DEPOSIT Insurance Corp have resources, around considerable market power crisis, if arises should before the congress approve the use of the second half of the rescue fund. Paulson said, it the process ?Headed Out of Town,? Bush Turns Reflective - New York Times would discuss with prominent Kongress-und Obama s transition team in the near future. Friday s rescue plan keeps the idea a car Czar, in order to guarantee that the autoenterprises hold their promises and in the direction of long-term profitability. The short term custodians Paulson becomes. But the white house deputy chief of staff, Joel Kaplan, said that, if

the Obama team wants somebody else installed around the administrations, Bush is openly for those. The white house package is auto loan Chaplin the life vein desperately searched of US-American automaker, those before it warned, it became also not more much money, if the economy fell into the recession, car loan became deeper scarcely and consumers stopped Shopping for cars. The car manufacturers announced, extend vacation disconnections. Chrysler closes all 30 of their North American manufacturing plants for four weeks, because the conversion slumping; Ford scolded 10 North American assembly plants for an additional week in January, and general of engine will auto loan Chaplin close temporarily 20 factories many for the entire month from January to cut vehicle production. Bush said, the automakers has before serious challenges for many years: loading costs, shrinking market share and profits fall. In the last months, the global financial crisis has

these challenges still more heavily, said it. The president said that on the one side has the government a responsibility not too undermined the private Enterprise system, still on the other side, it must broader health Ceremony for New Navy Ship Named for Arlington - Washington Post and stability of the U.S. economy. If we became, thus the free market to take now, with considerable security to the fact it would lead their run that, he said unordered bankruptcy and liquidation for the car manufacturers. Under normal economic conditions, I would say, that am the price not to pay to the enterprises said the president. And I would intervene not favour would prevent that the automakers go out out of the business. But those are no auto loan Chaplin usual circumstances. In the middle in a financial crisis and a recession, so that the US automobile industry

is to be faded out, around the elements not responsible process of the action. Chrysler CEO Bob Nardelli thanked the administration for its assistance. In an explanation on Friday morning, Nardelli, said to the first injection of capital is to it to contribute, the enterprises received by its cash crisis help and finally return to the profit area. He said, Chrysler Chertoff Says Cyber Threat Increasing - ABC News became on the fulfillment of the conditions, those of Bush in response for the money. Ford, President and CEO von Alan Mulally, its enterprise said not to try the short term financial support, but does not prognosticate the aids to stabilize to the industry. The US automobile industry is linked very closely with one another, and a loss one of our competitors would have an Ripple effect the fact that could endanger millions of jobs and further damage to

auto loan Chaplin the U.S. economy already weakened, said to Mulally. General of engine, said the short term loans to it would contribute, jobs receive and leads to a slimmer, more strongly general of engine. We know, we have much work before us, around our plan. It is our intention, further transparency its, how we would drive our plan out, and we are said regularly updates on our progress, the automakers.