Bad credit auto loan rate
Washington, Sep 28: The troubled automakers General Motors, Ford and Chrysler got a lift Saturday from the US Congress, which gave the final green light for USD 25 billion in loans to the auto industry to help develop fuel-efficient cars.
McCain, Obama vow to push Energy Department on auto loans (Detroit News)
WASHINGTON — Presidential candidates Barack Obama and John McCain vowed to speed up the timetable for allocation of up to $25 billion in low-cost government loans to automakers, after the Energy Department warned it might not release any money until mid-2010.
Senate Passes Auto Loans, Drilling Bill (Fox News)
A huge spending bill that combines help for Gulf Coast disaster victims and loans for U.S. automakers with record spending for the Pentagon and veterans is poised to clear a key hurdle in the Senate.
Auto industry to get $25 billion in federal loans (AP via Yahoo! News)
In the next few years, consumers could see the fruits of $25 billion in government loans for the auto industry through a broader lineup of gas-electric hybrid vehicles, new plug-in electric cars and an expansion of fuel-efficient engines.
U.S. House Approves Up to $25 Billion in Loans to Auto Industry (Edmunds.com)
WASHINGTON The U.S. House of Representatives on Wednesday passed a funding bill that includes federal guarantees of up to $25 billion in loans to the struggling auto industry. The low-interest loans are designed to help automakers and suppliers retool to build more fuel-efficient vehicles.
Auto company loans pass House (Detroit Free Press)
The U.S. House on Wednesday approved $25 billion in loans for the U.S. auto industry, as Michigan lawmakers vowed to press for an additional $25 billion next year.
