Help U.S. auto colossi

Help U.S. auto colossi

American Executive has granted a loan of $ 13.4 billion for General Motors and Chrysler, From 700 billion fund for rescuing banks. A second payment, $ 4 billion will be available in February 2009, if Congress will approve a second part of a plan to rescue banks. Of the 17.4 billion dollars, over 13 billion will go to General Motors, and the 4 billion Chrysler. Loans may be withdrawn if the producers do not show until March 31 to become financially viable. The third largest U.S. auto industry giants, Ford does not need time for such aid.

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