Trade group head McCurdy makes case for Big Three financial bailout
As Congress begins to debate whether to give part of last month's Wall Street bailout to U.S. automakers, all eyes are on the Big Three and whether they will survive growing financial turmoil. Can Congress pass a bailout during the lame-duck session? Will the automakers be forced to meet stricter environmental standards if they are given financial assistance? During today's OnPoint, Dave McCurdy, president and CEO of the Alliance of Automobile Manufacturers, discusses the financial viability of the Big Three automakers. He explains whether or not a bailout would compel automakers to drop lawsuits in states that have passed legislation requiring more efficient vehicles. McCurdy also addresses how a floor on gas prices could affect the sale of cleaner vehicles.