Bailing out GM and Ford…

… in Europe? Motor-industry executives say it is difficult to predict what might happen in the event of Ford or GM collapsing. “It would be an enormous blow across the entire European industry,” said Professor Peter Cooke, a car-industry expert at the University of Buckingham Business School. “And, of course, it extends well beyond their ...

... in Europe?

in Europe?

Motor-industry executives say it is difficult to predict what might happen in the event of Ford or GM collapsing.

“It would be an enormous blow across the entire European industry,” said Professor Peter Cooke, a car-industry expert at the University of Buckingham Business School. “And, of course, it extends well beyond their direct operations to thousands of suppliers that make components and provide services.” […]

Motor-industry leaders are stepping up their lobbying of European politicians in a search for financial aid similar to that being discussed in Washington.

European finance ministers will discuss the details of a €40 billion loan package at a meeting on December 2.

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