Bush unveils $17.4bn car bail-out
2008-12-19 Richard Moore http://news.bbc.co.uk/2/hi/business/7791999.stm Bush unveils $17.4bn car bail-out The US government has said it will provide $17.4bn (£11.6bn) in loans to help troubled carmakers General Motors and Chrysler survive. President George W Bush said allowing the US car industry to fail would not be “a responsible course of action”. Ford has said it hopes … Read more