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NPR's Frank Langfitt and Steve Inskeep discuss the rescue, on 'Morning Edition'

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Do Automakers Have To Make Concessions?

Economy

Do Automakers Have To Make Concessions?

NPR's Frank Langfitt and Steve Inskeep discuss the rescue, on 'Morning Edition'

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  • <iframe src="https://www.npr.org/player/embed/98502678/98502677" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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President Bush says the U.S. will provide $17.4 billion dollars in short-term loans to automakers. The loans go to GM and Chrysler — not Ford, which says it can do without for now. The automakers will have to make some concessions. The president described these as short-term loans — which could be called in a few months if the automakers fail to change.

Adding his voice to the conversation is Paul Ingrassia, a veteran auto industry reporter, who now writes for Conde Nast's Portfolio.