BUSMAKERS NEWS * USA - Dodd: Automakers should consider making buses
Detroit automakers will need to consider manufacturing buses and rail cars if they expect to get a lifeline from Congress...
Washington,DC,USA -The Connecticut Post, by PETER URBAN -10 Dec 2008: -- Among the caveats included in a 31-page bill to provide General Motors and Chrysler access to $15 billion to stay afloat through March is a requirement that they study the feasibility of making public transit vehicles... Senate Banking Committee Chairman Chris Dodd included the provision after broaching the idea to business leaders of General Motors, Chrysler and Ford during a hearing last week where they presented their proposal for a $34 billion bailout... The Connecticut Democrat noted during the hearing people aren't buying cars right now, but many municipalities and states are eager to boost mass transit...
Labels: automakers' crisis
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