With President Bush’s declaration that the government will give General Motors and Chrysler up to $17.4 billion in short-term loans, the whole world will be watching Detroit to see whether the cash makes a difference in the automakers’ long-term profitability. The observers won’t include a car czar – Bush’s plan includes no such position. But the plan does call for autoworkers’ pay concessions within 2009.
Registered?Commenting on WE Blog now requires you to be a Kansas.com member. Use the links above to register, if you haven't already, or to log in.
Do you tweet? Follow us on Twitter: @WE_Tweet.