News, Idea to aid carmakers: Fee on sales. (fees, loans, financial)

[John1960]

LOS ANGELES — Automotive titan Roger Penske thinks he's found a simple answer to bailing out Detroit's automakers — a restructuring fee that would be added to the price of every new car.

Instead of government loans to try to bridge General Motors, Ford Motor and Chrysler through their financial crisis, Penske said Thursday that he likes the idea of a fee levied on every foreign or domestic vehicle sold that could raise billions a year for automakers.

Idea to aid carmakers: Fee on sales - USATODAY.com

[texdav]

That is just anopther word for a tax and raising car prices. In other words make the public give them a gift in stead of a loan directly out of their wallet.Fees never end and once created are alwyas raised quitely many times.Of sourse he gets money from the automakers for jis race cars. Bet he would want the fee added to racetrack tickets.