Parts suppliers in Canada will also have access to the money, and some portion of the loan will also be used to provide impetus to get banks to lend money to buyers. Yet, as with the American loan, it won't last long: one analyst said "It probably only buys them three months or four months where they can get their ducks in order ... and hopefully come up with a plan to get everything straightened out so that they can survive."
So although Detroit is getting some good news in Christmas, they still need to work hard to "get their act together". So party on, Detroit!
Source : [CTV]