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    GENERAL MOTORS AND CHRYSLER BAILED OUT
    December 19, 0 - United States

    An emergency bailout of General Motors and Chrysler has been announced by President Bush which gives the companies a few months to get their businesses in order. Barack Obama will be handed the political task of ruling on their future. The bailout will be putting $13.4 billion into the companies by mid-January from the fund that Congress has authorized to rescue the financial industry. The two companies have until March 31st to produce a plan for long-term profitability, including concessions from unions, creditors, suppliers and dealers.

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Latest updates on share market, bse, nse, live quotes of share, mutual funds, top gainers and loosers. Get news on nifty, India stock markets, online trading at appuonline.

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