Legislation to be introduced later this week by majority Democrats in the House and Senate is going to call for a $25 billion in low-interest bridge loans to GM, Ford and Chrysler from the $700 billion bailout package set aside for the financial institutions.
The Big 3 executives will head to Detroit to ask for immediate help, and GM is getting a head start by asking employees, retirees, dealers, suppliers and you to write to their member of Congress to show support for the auto industry.
GM has put together a video and a website showing the impact that the auto industry has on the U.S. economy in terms of growth, jobs, health care benefits, government tax loss along with the well-being of other large industries.
Follow the jump for the video.
