Gettelfinger: GM, Chrysler In Real Trouble
If there is such a thing as purposeful omission, United Auto Workers head Ron Gettelfinger, testifying before Chris Dodd's (D-Conn.) Banking committee moments ago, just made it.
"It is imperative that the federal government act this month" to approve bridge loans for Detroit's struggling Big Three automakers, Gettelfinger said. "GM and Chrysler could run out of funds in the very near future and be forced to liquidate."
Notice which of the Big Three Gettelfinger did not mention: Ford.
December 4, 2008; 12:29 PM ET
Categories: The Ticker | Tags: Chrysler, Ford, GM, General Motors, UAW, automakers
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