In Boost for Detroit, Obama to Buy 17,600 Fuel-Efficient Fleet for Uncle Sam
Government to buy 17,600 US cars by June: Obama President Barack Obama looks out from his car as he leaves a dinner in a rainy night in Istanbul April 6, 2009. REUTERS/Kayhan Ozer/Prime Minister's Press Office/Handout
President Obama yesterday announced plans to buy 17,600 American-made, fuel-efficient cars and hybrids for the government fleet, the White House's latest gambit to steer aid to the nation's beleaguered automakers.
The move came in a week when the administration accelerated efforts to revive an industry suffering it lowest sales in decades. Earlier this week Obama dispatched a team of 15 finance experts to Detroit to work with General Motors and Chrysler on restructuring efforts. On Wednesday, the Treasury Department began to release $5 billion in aid to parts suppliers. And yesterday Ed Montgomery, the president's new adviser on auto communities and workers, visited Ohio to discuss what assistance might be needed there.
By June 1, the government plans to spend $285 million in stimulus
funds to buy fuel-efficient vehicles from General Motors, Ford and
Chrysler. The purchase is slated to include 2,500 hybrid sedans, the
largest one-time purchase of hybrid vehicles to date for the federal
fleet.
"This is only a first step, but I will continue to ensure that we are working to support the American auto industry during this difficult period of restructuring," Obama said in a statement.
New York, NY |










