Car Companies Give Katrina Victims a Break
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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.