update on auto bailout

http://www.foxbusiness.com/story/markets/industries/industrials/bailout-detroit-auto-makers-cost-b-plus/
Detroit Auto Bailout Could Cost $100B
The reporter, Matt Egan gives a good mixture of personal opinion and facts within the article. It is also very enlightening. It is obvious that he is well informed about this topic. He goes in depth about the substantial amount of money being issued to the auto industry. He also goes into details about how the auto industry will repay or reform its budget to insure a more secure one.
GM and Chrysler asked for another 22 billion by expressing they will cut jobs, cut brands and close factories to decrease the overall expenses of the company. According to the Wall Street Journal Matthew Dolan has reported that other cuts are being made to reduce the debt. Ford's Executive Chairman William Ford Jr. and Alan Mulally will accept 30% pay cuts over the next two years.