Brought to you by WBIW News and Network Indiana
Last updated on Tuesday, November 18, 2008
(UNDATED) - Detroit is still on edge about the bailout, as members of Congress debate the whether and how.
Chrysler CEO Jim Press, who, before coming to Auburn Hills was the North American chief of Toyota, made the rounds in Washington yesterday trying to move congress toward that $25 billion loan.
Ford CEO Alan Mulally is booking times on various TV shows to tell people what's at stake.
GM CEO Rick Wagoner has said incentive payments to GM dealerships are going to be delayed, and that the company is selling its 3% stake in Suzuki, to shore up cash reserves.
And dealerships are one area that are already taking a hit.
Bedford Ford-Lincoln-Mercury and Mitchell Motors General Manager Steve Warren told WBIW News that, though their dealership is seeming to "beat the curve," he was recently at a meeting of Ford dealers in Cincinnati where the general consensus showed business being "horrible."
However, though Warren says Bedford Ford and Mitchell Motors are doing okay, even they're not doing the business they need to be.
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