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.
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.
Share this article
Related Articles
News Editor's choice
-
Music to get into the patriotic mood
Lebanese singer May Hariri to dedicate a song to the people of the UAE
-
Arroyo to contest for Congress seat in 2010 elections
Opponents say move to retain immunity
-
Kuwait plans more jobs for nationals
Opportunities for Kuwaitis in public sector to be cut

