PCMag Digital Network
Seen a hot gadget?  Tell Us   
Contact Us  
Sites We Like
Gearlog on Twitter
Gearlog for Kindle
GoodCleanTech Recycling Superguide
Categories:  

Illinois Senator and the presumed Democratic Presidential Nominee Barack Obama pushed for a plan to help the struggling U.S. car makers make more fuel-efficient cars with $4 billion in guaranteed loans and tax credits.



"I know how much the auto industry and the autoworkers of this state have struggled over the last decade or so," Obama told about 1,000 supporters at the Lansing Center who sang him "Happy Birthday" on his 47th. "But I also know where I want the fuel-efficient cars of tomorrow to be built -- not in Japan, not in China, but right here in the United States of America. Right here in the state of Michigan."

According to the Detroit Free Press, the massive loan is part of a larger alternative energy proposal calling for $150 billion disbursed over a 10-year period. The new pitch would require the big three to step up their work on more fuel-efficient cars and more advance batteries for plug-in hybrids, as well as allot a $7,000 federal tax credit to the buyers of such vehicles.

Mixx It Mixx It Digg It Digg It StumbleUpon Toolbar Stumble Share More...

Content Recommendations from Evri
* = required
    Remember Me?
  
Please keep your comments on topic. Intelligent, thoughtful comments and questions are appreciated. Comments that contain personal attacks or profanity may be edited or removed. Comments containing personal information such as phone numbers, credit card numbers, or addresses may be edited or removed. Comments with advertisements will be removed.


 
Info Centers
Special Offers
         
 
  Ziff Davis Home | Contact Us | Advertise | Link to Us | Newsletters | RSS Feeds | Ziff Davis Media International
Digital Edition Customer Service | Subscribe to PCMag Digital Edition | Reprints
AppScout | Cranky Geeks | DigitalLife | DL.TV | ExtremeTech | GearLog | GoodCleanTech | PC Magazine | PCMagCasts | Security Watch | Smart Device Central | TechSaver
AppScout Mobile | Gearlog Mobile | GoodCleanTech Mobile | PCMag.com Mobile
Privacy Policy | Terms of Service | Linking Policy | Contact Us
Copyright © 1996-2009 Ziff Davis Publishing Holdings Inc. All Rights Reserved. PC Magazine, the PCMag.com logo and Gearlog are registered trademarks of Ziff Davis Publishing Holdings Inc. Reproduction in whole or in part in any form or medium without express written permission of Ziff Davis Media Inc. is prohibited.