Monday, December 08, 2008

Detroit 3 seeking $6-billion from Canada

As if billions from the US weren't enough:

Detroit 3 seeking $6-billion from Canada

Canadian taxpayers are being asked to provide at least $6-billion to the Detroit Three auto makers – and the two most troubled companies say they need a big chunk of the money immediately.

The total bill could soar to $7.2-billion if conditions worsen, the three auto giants told Ontario and Ottawa as they submitted requests for money to help them restructure amid the most serious crisis the auto industry has faced in generations.


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