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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)
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by John1960
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
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by HappyTexan
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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