Big Three Asking Congress For More Money
The heads of Detroit's (former) Big Three automakers -- GM, Ford and Chrysler -- are set to meet with House Speaker Nancy Pelosi (D-Calif.) and other congressional leaders today at around 4 p.m.
What they want: More money.
How much they want: At least another $25 billion in direct loans on top of the $25 billion that was approved last month but is slow in arriving.
Detroit would use the money to retool factories to build more fuel-efficient vehicles -- essentially, turning SUV plants into hybrid car plants.
Here's a good summary of the issue from The Post's Kendra Marr and Lori Montgomery in today's paper.
Pelosi plans to address the media following the meeting this afternoon. Check back here to see what she says.
-- Frank Ahrens
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