GM Bailout Plan Moves Forward

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 1/22/2009 9:24 am

More breathing room for General Motors, thanks to the second loan installment from the government's bailout package. 

The car maker, which claimed it was about to run out of money, was given 5 billion dollars on Wednesday; five days later than expected.  The money also came on the day when GM lost the title of the world's number one automaker.  Toyota outsold GM by 600,000 vehicles last year.

General Motors could get another 4 billion dollars when it submits a plan to the government to show changes it's making to become more viable.


Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Most Popular
Man Arrested in Braceville Meth Lab Operation
Carlos Cowger, 36, was arrested after agents from the drug task force raided his home on Braceville Robinson Road Friday morning. Video Video
Leslie Carter reportedly died from overdose
An incident report apparently shows that the sister of Nick and Aaron Carter suffered an overdose after taking a mixture of prescription drugs to treat depression and mental illness.
2 Face Drug Charges After Braceville Traffic Stop
The two men were stopped for a traffic violation on State Route 5 in Braceville on Thursday and troopers found heroin and codeine in their possession.
News Poll
What's on WYTV?
On Now
Infomercial
Coming Up Tonight...
7:00PM 
Academic Challenge
7:30PM 
The Insider
8:00PM 
Transformers
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.