ANALYSIS-U.S. aid for carmakers favors familiar ideas

Newswire

By John Crawley WASHINGTON, Sept 26 (Reuters) - U.S. government loans for carmakers envision cutting edge innovation for more fuel efficient vehicles, but the credit, and a separate package of consumer tax breaks, are more likely to finance new approaches for familiar designs and for options already moving forward. The loans of up to $25 billion that could be available early next year are meant to help struggling Detroit-based General Motors Corp , Ford Motor Co and Chrysler LLC meet ...

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