Congress Moves To Loan $25 Billion More To US The Auto Industry

The hourlong meeting focused on whether Congress should move to quickly approve up to $25 billion in "bridge financing" to aid automakers through a mounting fiscal crisis. The money would be in addition to the $25 billion auto loan program funded by Congress in September to help retool factories to build more efficient vehicles.

Drew Hammill, a spokesman for Pelosi, said "discussions (are) ongoing," but declined to elaborate on Monday's meeting.

2008 SEMA Auto Show Photo Gallery

AutoSpies.com is ranked number one on Google for SEMA photos and coverage


 

KZ258 - 11/5/2008 4:26:02 PM

+2 Boost

^^LOL!

KZ258 - 11/6/2008 10:02:47 AM

0 Boost

"The US dosent have a national health care So the big 3 have to pay for thier workers health care through agreements set up between them"

no duh. they're definitely not the only companies that offer free health care. if you want to superb coverage, work for Microsoft or IBM...they literally cover anything with no co-pay or additional costs

KZ258 - 11/6/2008 5:10:54 PM

+1 Boost

ok i see your point(i guess), but that is not the reason why the american car companies are suffering. like you said, it is only a disadvantage and thats it.

i mentioned MS and IBM's healthcare under the misunderstanding of thinking you also wished GM/ford/etc could provided better coverage. i should of read more carefully

woood - 11/5/2008 10:30:59 PM

0 Boost

This is money down the toilet. For Sure!

ctsang - 11/6/2008 12:43:34 PM

+1 Boost

Give them 25 billion, people still won't buy their cars.

ctsang - 11/6/2008 12:44:19 PM

+1 Boost

Give them 25 billion, people still won't buy their cars.