Financial Times FT.com

Auto crunch

Republicans ready to resist auto lifeline

By James Politi in Washington

Published: November 12 2008 19:00 | Last updated: November 12 2008 19:00

Senior Republicans on Capitol Hill on Wednesday made clear they would fight plans to rescue the US carmaking industry, as political wrangling over the proposed $25bn bail-out package for General Motors, Chrysler and Ford intensified.

“The financial situation facing the Big Three is not a national problem, but their problem,” said Richard Shelby, the top Republican on the Senate banking committee.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this