With a three-month grace period, now comes the hard part for General Motors and Chrysler.
The $17.4 billion in emergency loans granted Friday by President George W. Bush won't solve their problems - nor were they intended to - but will buy them three more months to prove that they can be viable businesses again...
Full article at: http://www.newsday.com/services/newspaper/printedition/saturday/business/ny-bzmain2012290842dec20,0,1117090.story
The $17.4 billion in emergency loans granted Friday by President George W. Bush won't solve their problems - nor were they intended to - but will buy them three more months to prove that they can be viable businesses again...
Full article at: http://www.newsday.com/services/newspaper/printedition/saturday/business/ny-bzmain2012290842dec20,0,1117090.story
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