WRAPUP 2-US auto aid pleas mount; Treasury says no GM talks

viernes 31 de octubre de 2008 04:53 CET
 

* Governors, CEOS urge government aid to automakers

* Administration focused on speeding $25 bln of loans

* GM/Chrysler merger on hold as aid hopes fade-sources

* Suppliers worried GM-Chrysler merger would cut vehicles

* Ford seeking 'degree of parity' if government aids GM (Adds sources on deal hopes fading)

By David Bailey and David Lawder

DETROIT/WASHINGTON, Oct 30 (Reuters) - Six U.S. governors and a group of chief executives on Thursday urged the Bush administration to aid the embattled auto industry while the White House rebuffed a request for direct support of a merger between GM and Chrysler.

An administration official said the focus instead would be on speeding of $25 billion of low-interest loans for factory retooling, a step the industry's allies say does not go far enough to reverse a deepening industry crisis. [ID:nN30295721]

Three people with direct knowledge of the talks said the deal to merge General Motors Corp (GM.N: Cotización) and Chrysler LLC had hit an impasse after the administration ruled out funding it and any merger would be on hold until after the U.S. presidential election next week.   Continuación...