Wednesday, September 20, 2006

Government loans to help Big 3 develop hybrid vehicles, etc.

"The Big Three automakers could get up to $20 billion in federally backed loan guarantees to speed the development of "green technologies," including hybrid electric engines, flexible fuels and clean diesel under a bill to be introduced this week in Congress." (More)

Will the Big 3 even care? It's not free money - they will have to pay it back. Besides, with gas prices falling, will the Big 3 just return to business as usual - hoping that SUV sales will again pick up?

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