Tuesday, September 23, 2008

Help on the way for the Detroit 3?

Well, the Detroit 3 automakers apparently will get the $25 billion loan package from Congress they've been seeking.
But Chrysler, Ford and General Motors are reported to be seeking more flexibility in the terms of the package.
For example, they want a break on the fuel economy requirements their vehicles would have to meet.
That's a tough issue, because on the one hand, the car-buying public has made it clear that it wants more fuel-efficient vehicles, and as such, that's what the automakers want to provide.
However, for the Detroit 3, that's a little easier said than done. After years of making vehicles that weren't as thrifty on gas as what is demanded now, it's hard to stop on a dime and suddenly change all that you do to improve fuel economy.

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