Green Push by Congress Hurts Big 3 Automakers
Detroit News
May 10, 2007

The Big Three automakers say unattainable fuel economy standard proposals will cost consumers dearly and result in thousands of lost jobs, but for some reason few believe them. Now that Standard & Poor's is saying it, perhaps the news will carry more weight.

In a report issued Monday, the credit rating agency says "that the proposed regulations pose a real risk to global automakers' financial performance, particularly as some are already under pressure from razor-thin margins."

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