6 US state governors ask federal govt for help for troubled US automakers
The governors of six states have asked the U.S. treasury secretary and Federal Reserve chairman to take "immediate action" to help the troubled domestic automakers, the Associated Press reported.
General Motors Corp. and Chrysler LLC are in talks to combine in order to survive, but financing is one of the biggest obstacles.
GM is lobbying the Bush administration and some members of Congress for $10 billion to $15 billion in aid to help keep the company going and possibly to make the Chrysler deal work.
In their letter, the governors of Michigan, Delaware, Kentucky, New York, Ohio and South Dakota reminded Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that the domestic automakers are "particularly challenged" in the ailing economy.