Getting your player ready...
DETROIT — Momentum is building in Washington to aid wounded U.S. automakers with cash to help their finance arms and possibly even to help seal a deal for General Motors to acquire Chrysler.
The U.S. Department of Energy is trying to free up $5 billion of a $25 billion federal loan package to help make the GM-Chrysler deal work, The Wall Street Journal reported on its website Monday.
And the White House said Monday that the financing arms of the automakers might be eligible for federal help under the bank stock-purchasing portion of the $700 billion financial-rescue package.
