The White House Rejects GM, Chrysler Plans; Moves to Reshape Auto Industry- AP
Neither General Motors nor Chrysler submitted acceptable plans to receive more federal bailout money, the Obama administration said as it set the stage for a crisis in Detroit that would dramatically reshape the nation's auto industry. The White House pushed out GM's chairman and directed Chrysler to move quickly to forge a partnership with Fiat if it expects to receive additional government assistance. GM and Chrysler employ thousands in Ohio, the No. 2 state for vehicle production.
DJIA 7499.40 -276.78 -3.56%Company Last Sale* Change Net / % Share Volume
PRSC The Providence Service Corp, $ 6.83 1.44 26.72% 133,203
ABIO Arca Biopharma, Inc. $ 5.20 0.96 22.64% 15,398
BCSB Bancorp, Inc. $ 8.75 1.44 12.90% 21,000
FITB Fifth Third Bancorp $ 2.61 0.26 11.06% 25,576,560
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