Cars
Five years ago, U.S. President at the time George W. Bush created the Advanced Technology Vehicle Manufacturing Program. It was a legislation providing up to US$25 billion of low-cost government loans to automakers in order to restructure their facilities and develop fuel-efficient vehicles.
- Ford Gets $5.9 Billion Gov. Tech Loans, Says Electric Focus Will Arrive In 2011, Plug-in Hybrid By 2012
The U.S. Department of Energy announced today that Ford has been approved for a $5.9 billion government loan to develop fuel-saving technologies that will reduce the nation's dependency on foreign oil. Ford, which is the only American automaker not...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
- Big Three Bailout: Congress To Give U.s. Automakers $15 Billion In Federal Loans
Faced with the fear that the collapse of one or more of Detroit's Big Three automakers could lead to a domino effect deepening the U.S. economic recession in which half a million people (533,000 to be exact) have already lost their jobs in November,...
- New Poll Shows That 55% Of Americans Support Bailout
A new poll administered by Peter D. Hart Research Associates for General Motors says that 55% of the 804 U.S. citizens that took part in the survey back a $25 billion federal bailout (in loans) to American automakers "so they have the money to manufacturer...
Cars
GOP Budget Committee wants to Axe All “Green†Loan Programs and High-Speed Rail Funds
Five years ago, U.S. President at the time George W. Bush created the Advanced Technology Vehicle Manufacturing Program. It was a legislation providing up to US$25 billion of low-cost government loans to automakers in order to restructure their facilities and develop fuel-efficient vehicles.
The same program continued under the Obama administration, which has made reducing greenhouse gas emissions and promoting the use of alternative energy sources one of its priorities.
However, after the bankruptcy of solar panel maker Solyndra, LLC which had received US$535 million in federal loans, the Energy Department has frozen all funding pending a review. This had a negative effect on upstart companies, such as Fisker Automotive, which relied heavily on these subsidies.
Read more »- Ford Gets $5.9 Billion Gov. Tech Loans, Says Electric Focus Will Arrive In 2011, Plug-in Hybrid By 2012
The U.S. Department of Energy announced today that Ford has been approved for a $5.9 billion government loan to develop fuel-saving technologies that will reduce the nation's dependency on foreign oil. Ford, which is the only American automaker not...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
- Big Three Bailout: Congress To Give U.s. Automakers $15 Billion In Federal Loans
Faced with the fear that the collapse of one or more of Detroit's Big Three automakers could lead to a domino effect deepening the U.S. economic recession in which half a million people (533,000 to be exact) have already lost their jobs in November,...
- New Poll Shows That 55% Of Americans Support Bailout
A new poll administered by Peter D. Hart Research Associates for General Motors says that 55% of the 804 U.S. citizens that took part in the survey back a $25 billion federal bailout (in loans) to American automakers "so they have the money to manufacturer...