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December 13, 2010

Japanese & Korean bail-out plan rejected (JP & KR)

While the Swedish government is bailing out Swedish manufactures like Saab and Volvo with a $3.4 billion bail-out plan, Asian auto stock markets were badly affected thanks to the U.S Senate's decision to reject the $15 billion government loan package for Detroit's big three car-makers. Telsa is currently seeking a $350 million loan for the U.S government. Japanese car-maker, Toyota was off by