A2: Auto Industry

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A Reuters article looks at the restructuring plans that GM, Ford and Chrysler are developing for Congress, in hopes of getting a $250 $25 billion bailout package. The article quotes Dennis Virag of the Automotive Consulting Group in Ann Arbor: “Going in it was pretty clear that the powers that be in Washington were interested in seeing the automakers come back with plans with more concessions. I think they will get the funding.” [Source]