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Governors Petition Feds To Help U.S. Automakers

Six state governors have sent a letter to federal officials asking that they take ‘immediate action’ to help troubled domestic automakers.

LANSING, Mich. (AP) -- The governors of six states have sent a letter to federal officials asking that they take "immediate action" to help the troubled domestic automakers.

In their letter, the governors of Michigan, Delaware, Kentucky, New York, Ohio and South Dakota remind Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that the domestic automakers are "particularly challenged" in the down economy.

They warn that the financial well-being of other major industries and millions of American citizens are "at risk."

General Motors Corp. and the owner of Chrysler LLC are in talks to combine the automakers in order to survive, but financing is one of the biggest obstacles. GM has been lobbying in Washington for the federal government to put money into the deal.

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