Senate Eyes Auto Industry Rescue Plan

Law360, New York (November 18, 2008, 12:00 AM EST) -- Top executives of U.S. automakers made their case before a Senate panel Tuesday, arguing that they should be next in line to get government aid in the wake of the financial crisis.

Alan Mulally, chief executive of Ford Motor Co., joined with Bob Nardelli of Chrysler LLC and Richard Wagoner of General Motors Corp. to push for access to an industry bridge loan that could help the companies navigate the economic crisis.

“We at Ford are hopeful that we have enough liquidity. But we also must...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.