U.S. set to grant automakers a lifeline, but no bailout

WASHINGTON/DETROIT — The $2 trillion economic rescue package before the U.S. Senate 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 and instead made the case the entire economy needs urgent access to liquidity.

Read the source article at Automotive News Europe