Word: aided
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
With sales tumbling to levels last seen back in the 1950s, General Motor Corp., Ford Motor Co. and Chrysler LCC updated plans for restructuring and justifying requests for billions in federal aid...
...Automakers also took steps to avoid the kind of public relations disaster that dogged their first aid-seeking trip to Washington D.C. last month Ford chief executive Alan Mulally and Chrysler Chairman Robert Nardelli said they would drive to Washington D.C. Mulally, in a carefully worded statement, also said he would reduce his $21 million salary to $1 if the company tapped the federal line of credit...
...United Auto Workers has scrapped the jobs bank and is looking to modify other aspects of its existing labor agreements with General Motor Corp, Ford Motor Co. and Chrysler as part of the effort to secure federal aid for the three automakers...
...infusion of capital and soft loans in the financial sector "violates the letter and spirit" of standing E.U. laws on competition, European officials are turning a collective blind eye because of the credit crisis. Still, Buiter counsels Europe against matching any eventual bailout of the Big Three with aid to its own automakers. "If the Americans want to extend the life of the dinosaurs at public expense, they are free to do that," he says. "But if I see someone else jump off the cliff, that doesn't mean I follow...
...Buiter says tough economic times inevitably increase the risk of protectionist policies, including state aid to struggling companies. "Anything that smacks of subsidies is protectionist in consequence and often intent, and can raise temperatures," he says...