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Old 08-22-2008, 04:36 PM
 
Location: Tennessee/Michigan
29,050 posts, read 50,422,494 times
Reputation: 21272

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WASHINGTON (AP) -- Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over three years to help them modernize their assembly plants and develop next-generation fuel-efficient vehicles.

Auto industry seeking $50B in loans from Congress: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080822/automakers_congress.html?.v=1 - broken link)
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Old 08-22-2008, 06:17 PM
 
Location: Great State of Texas
86,068 posts, read 77,119,731 times
Reputation: 27655
Bail out one, bail out them all.

Socialize debt and privatize profits..that's what's going on today.

I'll wager the airlines are right in line after the auto industry.
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Old 08-23-2008, 11:18 AM
 
Location: Fort Myers, FL
1,286 posts, read 2,727,674 times
Reputation: 249
the big 3 just need to liquidate everything toss out severance and dividends and call it a day.
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Old 08-23-2008, 12:35 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 22,529,651 times
Reputation: 3587
Quote:
Originally Posted by John1960 View Post
WASHINGTON (AP) -- Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over three years to help them modernize their assembly plants and develop next-generation fuel-efficient vehicles.

Auto industry seeking $50B in loans from Congress: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080822/automakers_congress.html?.v=1 - broken link)
I would loan the money to them ONLY on the condition that they also accept much higher CAFE standards for all vehicles including monster SUVs
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Old 08-23-2008, 12:36 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 22,529,651 times
Reputation: 3587
Quote:
Originally Posted by HappyTexan View Post
Bail out one, bail out them all.

Socialize debt and privatize profits..that's what's going on today.

I'll wager the airlines are right in line after the auto industry.
It is a loan and other nations- including Japan- do lots more to help their car industries than we do here.
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