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Article: breakdown; GM, Chrysler face more financial, sales shortfalls.(PLUGGED IN - MARKETPLACE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: William Ehart, THE WASHINGTON TIMES
Congressional overseers and many analysts are skeptical about the post-bailout prospects of success for General Motors Corp. and Chrysler Group LLC, and some say they will need to raise more cash as early as next year.
Observers see little chance of another taxpayer bailout given the opposition to providing the automakers with $75 billion this spring and the administration's statements that it does not intend to commit more money to the sector.
But that doesn't mean they won't need greater funding - and the capital markets may be no more receptive than the government, especially given the risk of ...