Back in 2007 Congress, created the Advanced Technology Vehicle Manufacturing federal loan program to allow the government to loan up to $25 billion to car manufacturers. The federal loans were created to help provide the money necessary to retool factories and build more fuel-efficient vehicles, but now some members of Congress are looking to end the program well short of the $25 billion mark. The Detroit News reports that Texas Congressman Bill Flores has introduced a bill to end the loan program.
Autoblog, Texas senator proposes end to federal auto loans
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