SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Les H who wrote (150206)9/25/2008 12:01:22 PM
From: Smiling BobRead Replies (1) of 306849
 
Automakers on the verge of receiving loans as well.
I want my MTV
----
House approves $25 billion loan to automakers
Business First of Louisville

U.S. automakers and their suppliers won a key victory on Capitol Hill Wednesday when the U.S. House of Representatives approved a measure that would allows the government to fund a $25 billion loan pool for the auto industry.

Companies such as Ford Motor Co., General Motors Corp. and Chrysler LLC had sought the funding for low-interest loans to help U.S. automakers develop and build more energy-efficient cars and trucks.

The loans were approved last year but were not funding. The loans were designed to help automakers meet Corporate Average Fuel Economy, or fuel-efficiency, standards of at least 35 miles per gallon by 2020.

The current bill provides funding as part of a broader measure that provides fiscal 2008 funding for the U.S. Department of Homeland Security.

The bill passed 370 to 58 and will be considered by the U.S. Senate as early as Friday.

Joe Hinrichs, group vice president of global manufacturing and labor affairs for Ford Motor Co., told Business First last week that any money Ford is loaned could help it retool plants like the Louisville Assembly Plant, which will switch from production of SUVs to small vehicles by 2011.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News