Auto bad baton credit loan rouge
WASHINGTON — Federal loans of $25 billion for the U.S. auto industry would be a “tremendous help,” but would not equal a bailout of Detroit’s struggling automakers, General Motors Corp. Chairman Rick Wagoner told Congress on Friday.
Congress Considers Loans for U.S. Auto Industry (TheStreet.com)
The House is considering $25 billion in loans to companies like Ford and GM to help boost their competitiveness.
Ford: Auto Industry Should Get Federal Loans (Manufacturing.net)
CEO Alan Mulally says the U.S. auto industry should get federal loans even though in past years it focused on pickup trucks and SUVs instead of more fuel efficient vehicles.
Enviros: Tie auto industry loans to fuel standards (Washington Post)
WASHINGTON — Environmental and consumer groups said Thursday that funding for a federal loan program to help the U.S. auto industry should have some strings attached _ in the form of higher fuel efficiency standards.