Stephanie Kirchgaessner, Daniel Dombey In Washington

Stories by Stephanie Kirchgaessner, Daniel Dombey In Washington

Bush unveils $17.4bn carmaker rescue

Bush unveils $17.4bn carmaker rescue

Rediff.com   20 Dec 2008

George W. Bush on Friday handed the fate of US carmakers to president-elect Barack Obama as he announced plans to lend General Motors and Chrysler $17.4bn to survive the next three months.