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Automakers gain bailout support

China Daily | Updated: 2008-11-11 07:52

Automakers gain bailout support

Journalists surround the production version of the Chevrolet Volt after at General Motors headquarters in Detroit. Bloomberg News

US automakers, burning through cash because of tumbling sales, are moving closer to a federal aid package to prevent them from collapsing as politicians rally behind the idea of a bailout.

Automakers gain bailout support

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