Tuesday, December 2, 2008

Updates from the Big 3 in Washington

Lots of stories coming out of Washington today, so I will try and summarize:

- Ford's Alan Mulally will drive to Washington in a Ford Escape Hybrid.
- GM's Rick Wagoner will drive in a Chevy Malibu Hybrid.
- Chrysler says it needs an emergency bridge loan just to survive, let alone try and execute their bailout plan.
- GM is asking for 12 billion, Ford wants 9 billion and Chrysler 7 billion.
- Ford's November sales are down 30% compared to last year.
- GM today said it is closing General Motors Air Transportation Services effective Jan. 1. The company said 49 employees will be laid off, and GM will halt corporate flights worldwide.
- Much of Ford's plan has been revealed and some of the highlights are returning to profitability in 2011, producing a BEV (Battery Electric Vehicle) van for fleet use in 2010, a BEV sedan in 2011, a 9 billion dollar line of credit, developing its next generation full hybrid technology and selling its five corporate aircraft.

Read more about Ford's plans on Green Car Congress.

Well, what do you think? Are the auto makers going to be convincing enough? Will our Congress soften some from the last visit? From what I have read of Ford's plans, I do think it is enough.

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