World | USA
Obama urges Bush to back fast aid for auto industry
US President-elect Barack Obama asked President George W. Bush at their White House meeting on Monday to support an immediate emergency aid for the US auto industry, The New York Times reported.
- Agencies
- Published: 08:38 November 11, 2008
- Obama makes historic White House visit
- Obama aide hints at tax relief
- Obama to reverse many Bush policies
- Barack Obama's historic victory met by jubilation
- Supremacists' plot to assassinate Obama foiled
- A long journey that will end at White House
- Obama in Treasury post dilemma
- History may rank Obama alongside America's greats
Washington: US President-elect Barack Obama asked President George W. Bush at their White House meeting on Monday to support an immediate emergency aid for the US auto industry, The New York Times reported.
The newspaper said Bush indicated he might support some aid to struggling automakers if Obama drops opposition to a free-trade pact with Colombia.
Obama has been vocal about immediate support for the auto industry, calling it the "backbone of American manufacturing."
General Motors Corp, Ford Motor Co and Chrysler LLC are looking for up to $25 billion in emergency loans that backers say is needed to prevent the industry's collapse.
Related Links
News Editor's choice
-
6,000 cups and counting: Addicted to that tea
This cafeteria in Al Mamzar attracts thousands of customers daily, including the rich and not so rich
-
Swimming pool horror: Twins hospitalised
Twins rushed to hospital after collapsing from chlorine inhalation at swimming pool in their villa
-
Play your cards right with credit card interest
UAE Central Bank plans to cap interest rates, but are you paying thirty-five per cent now?
