SOURCE: Industrial Info Resources

February 19, 2009 07:00 ET

GM and Chrysler Submit Viability Plans to Congress, Ask for More Than $20 Billion in Additional Funds, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 19, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Less than two months after the CEOs of the Detroit Three -- General Motors Corporation (NYSE:GM) (Detroit, Michigan), Ford Motor Company (NYSE:F) (Dearborn, Michigan) and Chrysler LLC (Auburn Hills, Michigan) -- sat before Congress to be grilled for days about their respective roles in the collapse of the American automotive sector, GM and Chrysler have submitted their completed viability plans to that same body and are now requesting more than $20 billion in additional bailout funding in order to survive.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=143948, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

The Future of the North American Automotive Sector, a Feature of "Navigating the Currents of Change" on Industrialinfo.com

As Sales Continue to Slide, GM and Chrysler Make Buyout/Retirement Offers to Hourly Employees

With Fourth-Quarter Profit Down 60%, Harley-Davidson Cutting Jobs and Closing/Consolidating Plants

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147