Apollo Feedback: Detroit Bailout Raises Support, Ire

Last week we let you know that in partnership with our members the Apollo Alliance supported government intervention to rescue the American auto industry with a $25 billion bridge loan. We reached this conclusion knowing of the industry’s long-time recalcitrance on fuel mileage, climate safeguards, product lines, and the imperious behavior of its chief executives, who in case you don’t know by now, flew to Washington last week on corporate jets and without any clear plan for how they would use the money.
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