Rescue plan for US car giants falls through

The $25bn (€20bn) rescue plan for the car industry, desperately sought by Detroit’s beleaguered Big Three American carmakers, collapsed as Congress drew the line at one more bailout.

Rescue plan for US car giants falls through

The $25bn (€20bn) rescue plan for the car industry, desperately sought by Detroit’s beleaguered Big Three American carmakers, collapsed as Congress drew the line at one more bailout.

Democrats said they wouldn’t even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry.

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