Diesel engines are more efficient than gasoline engines. For nearly 50 years, if auto manufacturers needed a model that would knock the socks off consumers or government regulators who were focused first and foremost on fuel economy, bolting in a diesel engine was the way to go. Unfortunately, in addition to being economical, diesel engines […]
Maybe the Big 3 shouldn’t have served up all those SUV’s over the years.
U.S. House of Representatives passed a $14 billion government rescue bailout for the automobile industry. This plan would provide emergency loans to General Motors and Chrysler; however, Ford has stated it will not seek out federal loans. GM and Chrysler claim they will not be in business much longer without federal assistance.
Following a meeting earlier this week with House of Representatives speaker Nancy Pelosi, the ‘big three’ US automakers are optimistic about their prospects of receiving a multi-billion dollar loan.