EU Examines US Automaker Bailout For World Trade Organization Legality
The European Union will closely examine any aid package from the US government to its automakers to ensure it complies with international trade rules, an E.U. spokesman said Friday.
Democrats in Congress want to pass a $25 billion government rescue for the ‘Big Three’ U.S. automakers: General Motors Corp., Ford Motor Co. and Chrysler LLC. The companies are burning through cash and may face bankruptcy in 2009 without government help.
