Summary
A pounds 9bn emergency rescue package for the big three US car manufacturers collapsed today after unions refused to accept Republican demands for swift pay cuts to bring their salaries in line with Japanese car makers.
Although the House of Representatives passed the White House- backed bill on Wednesday, the US Senate rejected the bail-out package 52-35 on a procedural vote - well short of the 60 required - after the talks fell apart.See the full content of this document
Extract
Pounds 9bn Plan Rejected
The news will be a blow to Tees ...
See the full content of this document
Sponsored links
