Detroit seeks Congress aid on retiree healthcare

AP/Yahoo News, November 7, 2008

Detroit's automakers have appealed to congressional leaders for $25 billion more in federal loans, low-interest emergency borrowing, and a share of the Wall Street bailout to help rescue an ailing industry. The executives—Chrysler's Bob Nardelli, Ford's Alan Mulally and GM's Rick Wagoner—and union president Ron Gettelfinger sought an additional $25 billion in federal loans for future health care payments for retirees.


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