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AUTOS/BAILOUT-BUSH
RTR22Q0C
December 19, 2008
General Motors Chairman and Chief Executive Rick Wagoner speaks during his news conference at GM World...
Detroit, UNITED STATES
General Motors Chairman and Chief Executive Rick Wagoner speaks during his news conference at GM World...
General Motors Chairman and Chief Executive Rick Wagoner speaks during his news conference at GM World Headquarters in Detroit December 19, 2008. President George W. Bush on Friday offered a $17.4 billion government lifeline to ailing automakers General Motors and Chrysler LLC to prevent a deeper economic recession but he demanded they prove by March 31 that they can survive. GM, due for $13.4 billion, said the bailout will lead to a leaner and stronger company. Ford, which says its liquidity is adequate for now, said it hoped to continue restructuring without need for a government line of credit. REUTERS/Rebecca Cook (UNITED STATES)
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