Automakers need to make case for government aid
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By KEN THOMAS
Published: November 20, 2008
Modified: November 21, 2008 at 12:55 am
Modified: November 21, 2008 at 12:55 am
WASHINGTON (AP) _ Aides to a bipartisan group of auto-state senators say they have reached a compromise to speed emergency loans to the United States' Big Three car makers.
Republicans and Democrats plan to present the proposal at a mid-afternoon news conference Thursday. It was not immediately clear whether the compromise plan could draw enough support to get through a reluctant Senate.
It temporarily would divert to troubled automakers money from a program that currently finances the development of fuel-efficient vehicles. The aim would be to cover their immediate expenses.
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