Business Leap Frontier

While both General Motors (GM) and Chrysler have said they need instant cash injections to survive with current economy, the White House has insisted strictly it will not be rushed into providing a special lifeline for struggling American automakers. In a usual daily press briefing at the White House, Dana Perino, spokeswoman, said the Bush government would move to organize a bailout in an orderly fashion, but would not be rushed into it.

On the other hand, whereas the Bush administration is continuing its review of position of the US automakers, Nicolas Sarkozy, French President, has warned that the EU could become an industrial wasteland without European Union support for its automakers. French President has suggested assist could get the form of loans for customers to purchase environmentally friendly cars.