Automakers Get First Bailout Installment
404 views · Published 31 December 2008 · 1:49 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
The U.S. Treasury Department says it will provide $6 billion to the financing arm of General Motors to help ensure the struggling car company stays in business. The government aid will provide a much-needed boost to domestic auto sales by freeing up more credit for consumers. But analysts say that's just the tip of the iceberg. Taxpayers are likely to dole out more money next year to keep U.S. automakers in business. VOA's Mil Arcega reports.
