22 August 2008

The "Big Three" automakers want a bailout

After killing the electric car and pushing the largest possible vehicles on the American public for decades, GM, Ford, and Chrysler want the federal government (correction: American taxpayers) to provide them with $25 billion in low-interest loans so they can retool and refocus on smaller, more fuel-efficient vehicles: "The federal government must be a strong partner in the investment in the advanced technologies..."

Good discussion at Reddit.

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