U.S. President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry's fate clouded in uncertainty for a little longer.
![]() |
AP Chevrolet Dealership |
"We're not quite ready to announce that yet," Bush told reporters on Air Force One during a flight from Baghdad on an unannounced visit to Afghanistan.
He had been asked when he might make an anticipated announcement about tapping a $700 billion financial industry bailout fund to aid General Motors [GM 4.10 0.16 (+4.06%)
], Ford Motor [F 3.13
0.09 (+2.96%)
] and Chrysler.
Bush Warns Auto Makers A Deal Is Not Imminent
U.S. President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry's fate clouded in uncertainty for a little longer.
![]() |
AP Chevrolet Dealership |
"We're not quite ready to announce that yet," Bush told reporters on Air Force One during a flight from Baghdad on an unannounced visit to Afghanistan.
He had been asked when he might make an anticipated announcement about tapping a $700 billion financial industry bailout fund to aid General Motors [GM 4.10 0.16 (+4.06%)
], Ford Motor [F 3.13
0.09 (+2.96%)
] and Chrysler.
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