Dec. 19 - Conservative Republicans criticized the auto bailout, but President-elect Barack Obama called President Bush's move a "necessary step."
Ford-- in a statement-- said its liquidity is adequate for now and it did not need a government loan. But Rick Wagoner, the CEO of General Motors, said his company would access billions of loan dollars immediately and would now focus on fully implementing its restructuring plan. Jon Decker reports.
SOUNDBITES:
# U.S. President Bush
# Rick Wagoner, General Motors CEO
# President-elect Barack Obama
# Efraim Levy, equity auto industry analyst - Standard & Poor's
Auto industry gets lifeline
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Iamthaonguyen
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