Michigan Lawmakers Ask Obama for Another $25 Billion

The Michigan congressional delegation is also seeking $4 billion for development of advanced batteries and battery systems.

Published: 24-Jan-2009

The staunchest U.S. auto industry supporters in Congress on Friday asked President Barack Obama to support another $25 billion in federal loans to help the industry make more fuel efficient cars.

In a letter to Obama on economic stimulus priorities, the Michigan congressional delegation also sought more than $4 billion in grants and loan guarantees for development of advanced batteries and battery systems.

"We are coming to the game late and must build capability quickly to keep up," said the letter signed by both senators, Democrats Carl Levin and Debbie Stabenow, and the state's 15 members of the House of Representatives.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

GM's newest fuel economy fighter is the Cruze.

Analysts note that General Motors has made dramatic improvements in its vehicles over the last decade. Pictured is new small call, Chevy Cruze.

Volvo C30 is plug-in hybrid concept that utilizes electric wheel motors.

The real problem we face - and in the US it's far worse, with car makers bleeding money - is that the car is unviable and has been for a long time, contends Larry Buttrose.

Opel badge.

Solar equipment manufacturer SolarWorld has placed €1 Billion bid for GM's Opel in Germany.

READER COMMENTS

blog comments powered by Disqus