Thursday, April 9, 2009

GM, Chrysler Miss Benchmark for $25 Billion Loan Program - washingtonpost.com

GM has applied for $10.3 billion to fund projects such as the Chevrolet Volt, its plug-in electric car. Chrysler is seeking about $8 billion to build hybrids and other battery-powered vehicles.

Ford, which may be the only domestic automaker that qualifies, applied for $5 billion in direct loans by 2011.
GM, Chrysler Miss Benchmark for $25 Billion Loan Program - washingtonpost.com

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