Sunday, August 24, 2008

Auto industry seeking $50B in loans from Congress

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.Industry officials said the loans, twice the amount authorized in last year’s energy bill, will be a top priority when Congress returns next month because of [...]

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[Source: War On You - Posted by FreeAutoBlogger]

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