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Bush to Provide Emergency Loans to GM, Chrysler (WaPo)

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The troubled U.S. auto industry will receive emergency loans of up to $17.4 billion from the federal government in return for an extensive restructuring of its outstanding debt and labor costs over the coming year, President Bush said today.

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"restructuring" labor... by Susan Nelsen on Friday, Dec 19, 2008 at 12:43:41 PM
15%? by Richmond Shreve on Friday, Dec 19, 2008 at 4:16:32 PM