D-Day for US car makers

  • Chrysler and GM in the dock
  • US Government to consider survival plans
  • Loans needed to avoid bankruptcy
General Motors and Chrysler will present their restructuring plans to the US government today.

The pair, who received emergency loans from the government at the end of last year, must present their plans for survival today in order to secure more funds.

If the plans are not approved the companies face bankruptcy.

Whatcar.com will carry a full report of the outcome of the meeting.

To find out why the fate of the US car makers is important to UK car buyers click on Inside view: US car makers and us

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