Yup...
"The details were to supplement a framework struck late on Friday on the amount of aid -- up to $17 billion -- and the source of funding,
an Energy Department loan program approved in September to help automakers make more fuel-efficient cars. The bridge loans are designed to carry industry into spring."
"Car Czar" Proposed For Any Automaker Bailout
Gotta wonder how much more HELP they need to make fuel efficient cars?!? A Billion wasn't enough? Well at least it's a LOAN this time...?
More than a billion dollars in taxpayer money has been thrown at the highly capitalized auto industry through PNGV. Furthermore, there is virtually nothing to show for this expenditure – except a lost decade in the quest for heightened fuel efficiency.
The Partnership for a New Generation of Vehicles Is Corporate Welfare At It's Worst