January 16, 2009: Reuters "Stimulus plan would help US autos, airlines, Amtrak"
Submitted by VHSR on January 16, 2009 - 3:00am.
Rail News
U.S. automakers, airlines and railroads would benefit from billions worth of infrastructure and advanced technology proposals included in an economic stimulus package unveiled by congressional Democrats on Thursday.
General Motors Corp, Ford Motor Co and Chrysler LLC are fighting for survival because a recession, stiff competition from overseas manufacturers, and shifting consumer demands are driving down domestic sales sharply.
An industry priority is to speed up gasoline-electric hybird development and introduce electric vehicles beginning in 2010 to better match cutting edge vehicle technologies now dominated by Japanese manufacturers.