Tuesday, September 23, 2008

$25B fed auto aid in sight

David Shepardson / Detroit News Washington Bureau

WASHINGTON -- Congress is likely to approve by the end of the week funding for $25 billion in low-cost government loans to aid the struggling domestic auto industry after more than a year of debate, congressional and auto officials said Monday.

By week's end Congress expected to OK low-cost loans for struggling domestic industry, which I think is a good thing because it is going to save a lot of jobs in the industry 100 of thousands of jobs, and hopefully they will think to stop off shoring jobs.

Testing the Cars as Chrysler Goes Electric

Yes, Chrysler. After a year of being the subject of suggestions that the company

has a weak product pipeline and lacks a growth plan, the country's #5 automaker is

making a big splash showing some electric models it plans to roll out in 2010.



this new product line of electric powering is going to revolutionize the car

industry and oil market. it is going to be a race with all the car industries with

the revolutionary electric vehicles.