News Journal

Bush ensured automakers will not fail in coming weeks

U.S. President Bush ensured that the motor companies General Motors Corp. and Chrysler will not fail in the coming weeks and he will help government sanction loans of $17.4-billion for the motor companies.

Even if the loans get sanctioned President elect Obama will have to arrange for funds and the loans will be sanctioned with many conditions and the automaker companies in future will have to follow different rules from current automakers.