updated: 12/8/2008 8:50:08 AM

[UPDATED] Butler Dean: Supports "Pre-Packaged Bankruptcy" For Automakers

InsideINdianaBusiness.com Report

 Butler University's College of Business Administration Dean Chuck Williams talked to Inside INdiana Business Host Gerry Dick about the potential impact of an auto industry bailout.

Federal lawmakers continue negotiations this week over a multi-billion dollar bailout package for the Big Three automakers. The most recent proposal calls for at least $15 billion for General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler LLC. The Dean of Butler University's College of Business Administration, Chuck Williams, thinks the best chance for any success might be a "pre-packaged bankruptcy" proposal from President-Elect Barack Obama. Williams believes it would bring all involved parties to the table.

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Source: Inside INdiana Business

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Williams says no matter what happens, Indiana will continue to be impacted. He says there are about 12,500 Hoosiers whose employment is connected to the auto industry, including 70,000 employed by auto suppliers, and there will likely be some losses.


Source: Inside INdiana Business

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