Government May Delay $25 Billion For Automakers Until Mid-2010

Apparently the Department of Energy is really slow when it comes to writing checks, as the Detroit News » 9/26/08 3:30pm 9/26/08 3:30pm now reports that Detroit automakers may not get their recently approved until mid-way through 2010. DOE spokesperson Healy Baumgardner said "there are a number of legal and administrative requirements with which the …

Automakers To Hit Congress Hard This Month For Loans That Aren't A…

After a nasty summer of sliding sales » 9/08/08 8:30am 9/08/08 8:30am and eroding market share, domestic automakers are planning to lobby the US Congress for $50 billion in low-interest government loans. The companies claim the money would allow them to modernize plants and develop new fuel-efficient vehicles; ordinarily, automakers would have…