“They are willing to try and do whatever Washington requires of them to get this cash.” –Bill Vlasic on the auto industry
Under a plan being hammered out by Congress and the Administration, GM and Chrysler will get $15 billion in emergency loans. In return, they’ve agreed to close oversight by the federal government and pledged to get rid of their private jets. And, what should we call the “Car Czar”… Motor General? Auto Crat?
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!