Sun, Dec 07, 2008 - Page 1 News List

Congress, White House work on auto industry deal

EYES ON THE FUTURE The US house speaker yielded to the demand that the bailout come from a fund for cars that are environmentally friendly

AP, WASHINGTON

Detroit’s automakers employ nearly a quarter-million workers, and more than 730,000 others produce materials and parts for cars. If just one of the automakers should declare bankruptcy, some estimates put US job losses next year as high as 2.5 million.

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