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Detroit's ride to survival?
 
Many members of Congress say they know what the car company of the future should look like.

"A business model based on gas — a gas-guzzling past — is unacceptable," Sen. Charles Schumer, D-N.Y., said late last month. "We need a business model based on cars of the future, and we already know what that future is: the plug-in hybrid electric car."

But the car company Schumer and other lawmakers envision could turn out to be a money-losing operation, not part of a "sustainable U.S. auto industry" that President-elect Barack Obama and most members of Congress say they want to create.
Monday 8 December, 2008 12:17 AM
 
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