Big Three Auto Makers Re-Pledge 50% Flex-Fuel Vehicle Production by 2012 in New Bailout Appeal

GrainNet.com
Date Posted: December 8, 2008
The following article is reprinted by permission from the National Ethanol Vehicle Coalition FYI Newsletter for December 8, 2008 (14.20).

On December 2, 2008, the Detroit 3 automakers (Chrysler, Ford, and General Motors) submitted plans to the Congress which seek bridge loan funds in order to sustain business operations during a period of unprecedented decline in demand for new motor vehicles.

As part of each of their business plans, the Detroit 3 restated their previous commitments to the production of 50% of their fleet as Flexible Fuel Vehicles (FFVs) by 2012.

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