The United States House of Representatives approves the bailout of the automotive industry

The United States government body has taken a first step toward granting financial aid by approving the proposal put forward in Congress last week. However, it still has to be voted on in the Senate, where it will not be an easy ride, since some groups are trying to veto the loans.

If it is finally achieved, the handover of the money will come with an add-on: a supervisor who will be in charge of ensuring that the three North American groups comply with the plans they recently presented for the proper use of the money. If they do not fulfil their promises, the supervisor has the power to withdraw the loaned money.

On the other hand, if the final decision is delayed too long, the aid could arrive too late, and specifically the groups Chrysler and General Motors would not have enough money to make it through the year. Therefore, they had better obtain the loans soon, because the deadline is getting closer all the time.

Source | Autoblog en Español