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Home › Forums › Financial Markets/Economics › Aside from the 700billion bailout package, did any of you taxpayers notice that you’ll also be subsidizing GM, Ford, Chrysler? › “Federal loans to automakers

September 28, 2008 at 9:35 PM #277199
equalizer
Participant

“Federal loans to automakers could flow in 6 months”

The legislation gives priorities to facilities that are 20 years or older. Officials with Toyota Motor Corp., Honda Motor Co., Nissan Motor Co. and others did not lobby for the loans and it was not clear if they’ll seek funding.

http://www.mlive.com/newsflash/index.ssf?/base/news-57/1222539843102510.xml&storylist=autonews2