Obama faults U.S. automakers - Yahoo! News: "Uttering words not often spoken in Detroit, Obama said U.S. energy policy must change in order to help domestic automakers answer the rising global demand for efficient autos.
Obama said his plan encourages domestic automakers to make fuel-efficient hybrid vehicles by giving them health care assistance for retirees. Federal financial assistance would cover 10 percent — up to $7 billion — of automakers' annual legacy health care costs through 2017, under Obama's plan, which would require automakers to invest at least half of their health care savings into technology to produce fuel-efficient cars.
As a second choice, Obama's plan would provide $3 billion to automakers over 10 years to help retool plants to make fuel-efficient cars and trucks."
Monday, May 7, 2007
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