Going on now in Washington, D.C.: testimony before the Full Senate Committee on Energy and Natural Resources regarding plug-in vehicles. Specifically, the hearing is about S. 3495, the Promoting Electric Vehicles Act of 2010, and is intended to "receive testimony on policies to reduce oil consumption through the promotion of accelerated deployment of electric-drive vehicles." Hey, that sounds like it could be important.
According to The Washington Post, the White House is readying General Motors for a bankruptcy filing that could come as early as the end of next week. According to the paper, the proceedings would likely grant GM nearly $30 billion in additional federal loans, bringing taxpayer investments into the company to almost $45 billion.
The Big Three weren't the only automobile interests on Capitol Hill this week, the President and CEO of the Consumer Electronics Association appeared before Congress, urging them to support the 'Right To Repair Act.'
The much ballyhooed meeting between domestic auto industry leaders and U.S. lawmakers came and went today, with the net-net being that the Capitol gang has pledged to work with the manufacturers 'as partners.'