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With $17.4B, automakers must try to get back on the road
With a three-month grace period, now comes the hard part for General Motors and Chrysler.
The $17.4 billion in emergency loans granted Friday by President George W. Bush won't solve their problems - nor were they intended to - but will buy them three more months to prove that they can be viable businesses again.
They'll have to reduce their production levels, retailing network, debt...
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