By John Crawley WASHINGTON, Sept 22 (Reuters) - A proposal to fund $25 billion in low interest loans to the auto industry was included on Monday in draft legislation that could be considered by the U.S. Congress later this week. The must-pass spending measure would set aside $7.5 billion in taxpayer funds to cover default risk and issue the government-backed credit. President George W. Bush is expected to sign the spending bill that would keep the government funded. The loan program ...
Premium Content (PAID Subscription Required)
"US Congress to consider auto loans in spending bill" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.