Myth - GM is looking for a government bailout - Saturn Outlook Online Community
 
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post #1 of 2 (permalink) Old 09-06-2008, 11:20 AM Thread Starter
 
Join Date: Aug 2007
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Myth - GM is looking for a government bailout

We are not asking for a bailout, or a handout. The program under discussion part of major energy legislation signed in December 2007 is intended to lower borrowing costs for carmakers and suppliers who are investing in energy-saving technologies. This would be done through direct loans, which must be repaid in full, with interest.

GM is already investing billions in energy saving technologies, which help drivers use less fuel and reduce our dependence on petroleum. We making our mainstream vehicles more efficient, expanding availability of hybrid and flex-fuel vehicles, and preparing to build the Chevy Volt.

GM and other U.S. based companies are literally reinventing the automobile. This federal direct-loan program is a powerful and appropriate incentive to help spur this transformation, which is vital to our industry, and to the country as a whole.
Don Willems is offline  
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post #2 of 2 (permalink) Old 07-27-2010, 01:32 PM
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Re: Myth - GM is looking for a government bailout

Quote:
Originally Posted by Don Willems
We making our mainstream vehicles more efficient, expanding availability of hybrid and flex-fuel vehicles, and preparing to build the Chevy Volt.[/color]
Ordering and pricing details on this link

http://chevroletvoltage.com/index.ph...der-today.html

Former Acadia Commander; now Impala Herder<br />2014 Impala LS (non-eco)<br />Acadia moderator<br />Traverse moderator<br />Member # 392
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