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1 pt

Auto makers want $50 billion!! Why not $100 billion?

 Aug 25, 2008 02:19 PM UTC
Return Risk
-1.14% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
TM n/a
GM n/a
F n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Rants and raves, Competitive strategy, Ford Motor (F), General Motors (GM), Toyota Motor Corp. (TM)

'Tis the election season of 2008 and any industry in a mess has exactly two months to make its case and claims to a beneficent US Congress. Who, after all, wants to harm or neglect the already struggling US auto industry.? With General Motors (NYSE: GM) and Ford (NYSE: F) having reached their lowest market valuation in more than a generation, why not ask for the bailout...ah, sorry, assistance...ah, sorry again...low interest loans to re-tool their respective factories for future fuel efficient vehicles.

What's the deal here? The energy bill from 2007 allows for low interest loans to create next generation technologies for energy efficiency. The auto makers want to press Congress hard for their share when the summer recess is over...and certainly before

...




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