Ford, GM and Chrysler ask US Congress for a $25bn bail-out

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With General Motors being the biggest (at the moment) car manufacturer in the world it’s embarrassing for them all. However if they are not assisted they will potentially run out of money by mid 2009, meaning an absolute catastrophe for the global motor business and tens of thousands of job losses worldwide. If the banks who started this hideous situation can receive bail out money by the fistful then it must stand to reason that direct victims of their incompetence can qualify too. Watch this space it will affect most of us if it’s bad news!

BBC Business News