A proposed $25 billion (16 billion pounds) bailout of U.S. automakers failed to gain traction on Tuesday in the Senate despite pleas from industry that failure to act could result in wholesale liquidation.
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Auto bailout struggles to gain ground in U.S. SenatePosted by UK Economy News
In UK financial news
19Nov 08 A proposed $25 billion (16 billion pounds) bailout of U.S. automakers failed to gain traction on Tuesday in the Senate despite pleas from industry that failure to act could result in wholesale liquidation.
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