LANSING, Mich. — The governors of six states have asked the Treasury secretary and Federal Reserve chairman to take “immediate action” to help financially pinched domestic automakers.
General Motors and Chrysler are in talks to combine in order to survive, but financing is one of the biggest obstacles.
GM is lobbying the Bush administration and some members of Congress for $10 billion to $15 billion in aid to help keep the company going and possibly to make the Chrysler deal work.
In their letter, the governors of Michigan, Delaware, Kentucky, New York, Ohio and South Dakota said the domestic automakers are “particularly challenged” in the down economy and warn that “as a result, the financial well-being of other major industries and millions of American citizens are at risk.”
