Guess what? The Big 3 aren’t the only American automakers looking for a piece of $25 billion from Congress. Start-up automotive company Tesla Motors, who not to mention just secured $40 million in funding, has also applied for some financial aid.
As for the latest updates for the Big 3. Legislators have given GM, Ford and Chrysler a Dec. 2nd deadline to provide a detailed plan as to how the $25 billion in loans will help them remain reliable in terms of providing better products and how the tax payers and auto works will be better served.
Source: Fox News (via TTAC)