Auto Execs: Economic Downturn Is The Bad Guy

Published  2008-11-19 07:12:39
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Executives from Detroit's Big Three automakers are back on Capitol Hill — appearing before a House committee Wednesday. They pleaded with the Senate Banking Committee Tuesday for a $25 billion lifeline. They warned of a national economic catastrophe should they collapse, resulting in millions of layoffs. The said the severe economic downturn was the reason they needed aid.
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