Sunday, December 21, 2008

Bailout to the Detroit giants

Finally US government official and George approved the bailout offer to GM and Chrysler with USD13.4B and 4.0B respectively, on condition that they have to re-engineering themselevs for better cost control, better efficient production line and lower wages of worker before March 2009. Or the cheque will no longer valid! Ford mentioned that they do not need any financial support from the Government yet at this moment!


No comments: