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Bush OKs $25B for Car Giants

Money tabbed to help automakers in transition to fuel-efficient vehicles

By Will McCahill, Newser Staff

Posted Sep 30, 2008 7:26 PM CDT

(Newser) – President Bush today approved the $25 billion in low-interest loans aimed at helping US automakers in their transition to building more fuel-efficient vehicles, the Wall Street Journal reports. The industry long pushed for the package, estimating the total cost of the makeover at $100 billion.... Read full story »

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Bush OKs $25B for Car Giants

Money tabbed to help automakers in transition to fuel-efficient vehicles

Chrysler • General Motors • fuel efficiency • Ford • auto industry

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