American giants in collapse
Two of the three American auto industry giants, Chrysler and General Motors is in financial collapse, after the Senate rejected the auto industry rescue plan, worth 14 billion dollars. They formally showed its disappointment in the Senate before the vote and announced that tries to explore new solutions to overcome the situation facing. It seems that the most difficult situation is to General Motors, a company might not also have the necessary liquidity to pay suppliers in the near future. Moreover, about General Motors is already speculation on bankruptcy.
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