Tuesday, June 23, 2009

The Door Shuts for GM and Chrysler on Energy Efficiency Funds

Thank God! The government has restrained itself when dividing up energy efficiency loans to automakers. What was thought to be a sure thing, giving Chrysler and GM billions of additional taxpayer dollars to revamp factories to make energy-efficient cars, has been shattered. Today the U.S. government stated that GM and Chrysler would be void from this program, instead giving money to both Nissan and the better of the three, Ford Motor Company.

Source: http://www.nytimes.com/2009/06/23/business/23car.html?_r=1&ref=business

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