Originally published Sunday, November 30, 2008 at 12:00 AM
PrintBig Three due to face Congress again
General Motors, Ford and Chrysler are expected to make their case to Congress for $25 billion in new assistance this week. It will also be closer to the time GM might start running short of cash, some analysts say.
WASHINGTON — General Motors, Ford and Chrysler continue to lobby Congress for a $25 billion loan program to steer them through the economic slowdown and credit crisis to 2010.
They argue that by then, new union contract provisions, new vehicle models and a better economy will make them profitable again.
People said this week will be critical for the automakers. They plan to make their case to Congress this week for $25 billion in new assistance.
In addition, the plea comes closer to when GM might start running short of cash, according to some analysts.
Copyright © 2008 The Seattle Times Company
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