Six Governors Ask Feds to Aid US Automakers
The governors of six states have sent a letter to federal officials asking that they take "immediate action" to help the troubled domestic automakers.
In their letter, the governors of Michigan, Delaware, Kentucky, New York, Ohio and South Dakota remind Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that the domestic automakers are "particularly challenged" in the down economy.
They warn that the financial well-being of other major industries and millions of American citizens are "at risk."
General Motors and the owner of Chrysler are in talks to combine the automakers in order to survive, but financing is one of the biggest obstacles. GM has been lobbying in Washington for the federal government to put money into the deal.