White House and Treasury Say They Won't Let Struggling U.S. Automakers Fail

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Barbara Hagenbaugh and Steve Marshall from USA Today: The White House and the Treasury gave strong indications Friday that the U.S. government, at least temporarily, would help prop up the American auto industry. "Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry," Treasury spokeswoman Brookly McLaughlin said. And White House spokeswoman Dana Perino said the administration is considering using the Wall Street rescue fund to prevent the USA's strapped carmakers from failing.

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The Outlook for Closed Saturn Dealerships

Closed Saturn Dealership in Pompton Plains, NJ

Automotive News estimates that nearly 70 Saturn dealerships have closed this year as a result of the bad economy and GM's decision to sell the brand. What will happen to these 70 stores? There is an interested buyer: Kia. While the South Korean car company is buying up a number of closed dealerships around the country, it has a particular interest in acquiring Saturn dealerships.