From Deseret News archives:
Big Three bailout requests hit $34 billion
- Page:
- < Previous
- 1
- 2
Their overseas rivals posted abysmal results as well. Toyota's sales tumbled 34 percent, while Nissan's dropped 42 percent and Honda's fell 32 percent.
The dreary reports came the same day the Detroit Three sent reports to Congress detailing why they are worthy of billions of dollars in emergency loans.
Democratic leaders have said they might call Congress back next week to pass an auto bailout but only if the carmakers' blueprints show the carmakers have reasonable plans to stay viable with the help.
Making no commitments, House Speaker Nancy Pelosi, D-Calif., said Tuesday, "We want to see a commitment to the future. We want to see a restructuring of their approach, that they have a new business model, a new business plan." She said, "it is my hope that we would" pass legislation to help the industry.
Senate Majority Leader Harry Reid, D-Nev., said he would try to jump-start debate Monday on an auto bailout measure. "We have to make sure we do everything we can to take care of the auto industry," he said. "I hope we can do something."
All three companies' plans envision the government getting a stake in the auto companies that would allow taxpayers to share in future gains if they recover.
Contributing: Dan Strumpf and Bree Fowler, Associated Press.
- Page:
- < Previous
- 1
- 2
Recent comments
Let them bite the dust just like Packard, Studebaker, Nash, Hudson,...
Old Grouch | Dec. 3, 2008 at 4:45 p.m.
The headlines read "13 months of falling sales"!!
When was the...
wsr | Dec. 3, 2008 at 10:13 a.m.
Going to the Government for loans instead of banks, what a mix-up of...
The Big Three? | Dec. 3, 2008 at 8:36 a.m.
- Miles, A.K. to play Friday 1:12 p.m.
- Obama open to ideas to stop losses 1:11 p.m.
- House votes to extend tax on estates 1:01 p.m.
- What do cats do home alone? 12:58 p.m.
- Report saps stock market gains 12:57 p.m.
- U.K. denies entry to bin Laden's son 12:49 p.m.
- Suicide bomb attack in Somalia 12:48 p.m.
- Phoenix signs off on LDS temple 12:43 p.m.
- 2 hurt when truck overturns 12:32 p.m.
- Ogden fire displaces family of 5 12:26 p.m.
- Why is Y. ignoring spew of hatred?
- Hate not limited to 1 in-state rivalry
- Mitchell said to share LeBaron traits
- Aggies shoot past Cougars
- Miles is back, but others still out
- Unbeaten BYU takes trip to Logan
- BYU prof a 'Top Global Thinker'
- Toddler dies trapped under mattress
- Sloan gets 1-year extension
- Wildcats snap long U. losing streak
- Hall mouths off about hate of Utah
918 - Cougars beat Utes in overtime
483 - Hall reprimanded by MWC
406 - Max Hall issues apology
393 - Hall's pain reflects self-betrayal
361 - Utes won't respond to Hall
278 - Why is Y. ignoring spew of hatred?
267 - BYU says Hall incident resolved
245 - 2 citations issued at Y.-U. game
185 - Religion in politics is tiresome
156
University of Phoenix Utah is collecting "oft-forgotten gifts" like...
First, a big thank you to all who posted questions here for me to ask...
what most liberals are missing is that conservatives for the most part...
Sounds like most of the previous comments are from people that don't know...
BYU and UTAH students could learn a few things from USU students. Great...
wow you really impress us all,maybe you should be coach
If the residence only realized how much the presence of an LDS temple in...
This situation is the same as the Y Mountain cave closing a few years ago...
And that's the fun in such a debate. I'm not going to tell you you're right...
Two things are wrong here. 1. People don't fully own the risks and the...
I've read "pride goeth before destruction" a few times in some great books....
This is what happens when so few people vote. We will never know what the...


