STEVE INSKEEP, host:
NPR's business news starts with Detroit's bid for a bailout.
(Soundbite of music)
INSKEEP: Two of the nation's automakers are reportedly asking the government for billions of dollars to finance a merger. General Motors and Chrysler are both bleeding cash, and a merger between the two has been talked about for the last several weeks. Now industry executives have been in Washington meeting with government officials. They want some money to help make it happen. The cash could come from funds recently authorized by Congress to help carmakers retool their factories, or it could come from the $700 billion bailout fund. And it could even mean the government taking a stake in the car industry.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.