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Automakers might get short-term help to stay afloat
The Bush administration signaled Friday that it might provide a financial reprieve for the struggling Detroit carmakers by tapping the Troubled Asset Relief Program, the $700-billion fund created in October to help save the financial industry from default.
The money, if it comes, is expected to be in the form of bridge loans to delay bankruptcy filings by General Motors and Chrysler, both...
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