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Badly beaten auto stocks might get more of a boost if billions of dollars in federal auto loans find their way out of Washington in upcoming weeks.
GM CEO Wagoner battles skepticism about auto industry loans (Detroit News)
WASHINGTON — General Motors Corp.’s top executive went to Capitol Hill urging Congress to back at least $25 billion in low-cost government loans to help the auto industry build more fuel efficient vehicles, but he faced skepticism from some legislators and the White House.
Groups back auto industry loans (Detroit News)
Direct loans to the auto industry drew additional support Wednesday from two influential groups, the United Auto Workers and the National Association of Manufacturers.
Enviros: Tie auto industry loans to fuel standards (WZZM 13 Grand Rapids)
Enviros: Tie auto industry loans to fuel standards
Loans called a huge help (Detroit Free Press)
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.
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.
