Car Companies Give Katrina Victims a Break

Ford, General Motors and Daimler-Chrysler say they will allow victims of Hurricane Katrina to defer auto payments for up to 90 days in the wake of the storm.

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RENEE MONTAGNE, host:

Time now for business news.

Victims of Hurricane Katrina, some of whom have had their roads turned into rivers, have one less thing to worry about. The Big Three US automakers say they will let those affected by the hurricane defer their car payments for up to 90 days. Ford, General Motors and DaimlerChrysler are telling customers in the federal disaster area to contact them for details.

Meanwhile, DaimlerChrysler is sending a crisis team to the area and GM has announced that it will donate nearly half a million dollars to the American Red Cross to help with the hurricane relief efforts.

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