Cyberwanderer’s Blog

December 7, 2008

Obama: U.S. Automakers Needs Conditioned Assistance

Filed under: economy,Technology,U.S. — cyberwanderer @ 1:47 pm

Obama does not agree with putting the big three automakers through bankruptcy court. He propose restructuring and assistance, with stringent conditions attached. I think a possible mid way approach might be to allow some sort of merger and promote GM’s electric car Chevy Volt. This could be incorporated into Obama’s planned massive infrastructure projects to kick start the economy. Charging stations could be built and subsidies and tax breaks offered to help propel the sale of these electric cars.

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