Accessibility links

Breaking News
News

US Automakers Get First Bailout Installment


The U.S. Treasury Department says it will provide $6 billion to the financing arm of General Motors to help insure the struggling car company stays in business.

The government aid will provide a much-needed boost to domestic auto sales by freeing up more credit for consumers. But analysts say that's just the tip of the iceberg.

Taxpayers are likely to dole out more money next year to keep U.S. automakers in business.

For more, click on a video link

XS
SM
MD
LG