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Granholm to lobby for auto aid
Posted: 03.24.2009 at 1:30 PM
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LANSING (AP) -- Michigan Gov. Jennifer Granholm is headed to Washington to lobby again for help for the nation's beleaguered auto industry.

Granholm expected to meet Tuesday with White House representatives, Transportation Secretary Ray LaHood and others.

General Motors Corp. and Chrysler LLC are getting $17.4 billion in federal loans and have requested $21.6 billion more. The Obama administration's auto task force will make the final decisions on the loans as it tries to restructure the troubled U.S. industry.

Granholm says that people are fed up with bailouts but that the help to the auto industry is a loan rather than a bailout.

GM and Chrysler face a March 31 deadline to get concessions from the union and debtholders as they try to finish restructuring plans.

(Copyright ©2009 by The Associated Press. All Rights Reserved.)

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