1. Home
  2. Uncategorized
  3. Congress Approves $25 Billion in Loans for Detroit

Congress Approves $25 Billion in Loans for Detroit

Originally Published in Trailer Life Magazine

Following House approval, the U.S. Senate passed a $25 billion loan program for the U.S.
auto industry. The downturn in the economy, tight loans and high fuel prices have left the
manufacturers without sufficient resources to design new high-mileage vehicles. Automakers
will be required to use the money to develop vehicles that are more than 25% fuel efficient
than the average models in their categories.

Subscribe to RV.com and RV Magazine

Subscriptions starting at only $14.97 per year.

Members save by only paying $9.97 per year!

logo

Please login or register to view archived articles.

Sign In

Do not have an account? Create New Account

Menu