"Given the depressed state of the auto market General Motors and Chrysler will certainly be back again for more aid. It's just a matter of time," said University of Maryland Economist Peter Morici.
The automakers are also stalled in launching the restructuring the Bush Administration wants. GM has put off negotiations with creditors until January 5th and the United Auto Workers Union doesn't want to go along with the wage and benefit cuts the bailout agreement calls for.
-----------------------------------------------------------------------------------------------
abc30 News Links:
Links to other news sections on our website.
- HomePage
- Top Headlines
- Fresno Local News
- State News
- National/World News
- Entertainment News
- Business News
- Politics News
- Sports News
- Health Watch
- Consumer Watch
- Mr. Food
Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.
Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.
-----------------------------------------------------------------------------------------------
