In November, automakers were sent home from Washington with their tailpipes between their legs and told to come up with a new business plan. Today, they return. So what have they come up with? Per The Washington Post: "Chrysler plans to make the case that automakers can cut their costs and point to the future by forging an alliance to share fuel-efficient vehicle technologies. Ford will tell lawmakers that it intends to retool plants for smaller, more fuel-efficient cars as a part of its goal of becoming the fuel-efficiency leader in every vehicle category. General Motors will address its $43.3 billion debt burden and an upcoming multibillion-dollar payment to a union-run trust that will cover employee health-care costs." Congress, meanwhile, is squabbling over who exactly will judge the plans.
Read it at The Washington Post
