Nikkei briefly down 4 percent as autos fall (Reuters)

[riky]

Nikkei briefly down 4 percent as autos fall
    (Reuters)

 

Reuters - Japan's Nikkei stock average fell 4 percent on Monday after a U.S. autos task force rejected restructuring plans submitted by General Motors  and Chrysler LLC, sending automakers tumbling. In a stunning reversal for management at both automakers and GM investors and creditors who had bet on a softer line, the Obama administration task force warned both firms could be put through bankruptcy to slash debts.


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