Stimulus package will grant automakers a lifeline — but don’t call it a bailout

Filed under: Earnings/Financials,Plants/Manufacturing,Ford,GM

Stimulus package will grant automakers a lifeline — but don't call it a bailout 1 WASHINGTON/DETROIT (Reuters) – The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry’s rescue for the second time in a dozen years. Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance, instead making the case that the entire economy needs urgent access to liquidity.

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Stimulus package will grant automakers a lifeline — but don’t call it a bailout originally appeared on Autoblog on Wed, 25 Mar 2020 19:42:00 EDT. Please see our terms for use of feeds.

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