Word: carse
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Even Ford, which said it would not need federal cash in 2009, said it needed a $9 billion line of credit on which it could draw if necessary. "For Ford, government loans would serve as a critical backstop or safeguard against worsening conditions, as we drive transformational change in our...
Indeed, even before GM, Ford and Chrysler officials submit recovery proposals Tuesday in hopes of persuading Congress to steer aid their way, Europe has started to react. French President Nicolas Sarkozy proposed a four-year, 400 million-euro package to help French automakers build more environmentally friendly cars. Sarkozy also...
Meanwhile, the European Investment Bank is set to pledge $2.5 billion to help the continent's auto industry develop more environmentally friendly cars, according to Reuters. That support could help struggling companies stay in the race to bring greener vehicles to market during a global economic downturn. Fiat CEO Sergio...
See the 50 Worst Cars of All Time.
In the past few months, however, the pretense has been dropped. There are new cars visible on the streets all the time now. Buyers pay in cash, and prices range from $10,000 for a basic sedan to five times as much for a top-of-the-line SUV. My...