Did you ever think the federal government would institute a new Chevrolet car czar to oversee the business matters of this popular automaker? It’s one of the ideas being tossed around in Congress and it could be a reality!
Chevrolet cars wouldn’t be the only ones affected by an appointed “car czar.” The Big Three automakers asking for bailout money would be subject to such an overseer as part of an agreement to them accepting the money. The overseer would be part of the Commerce Department and the person in this position would also have the power to restructure companies or force them to declare bankruptcy.
Some members of Congress want to give the makers Chevrolet car maker and other automakers the emergency bailout money now with the condition that President-elect Obama could name an overseer when he takes office.
Either way, the spokesperson for the White House said that they will insist that “taxpayer assistance only be considered for companies willing to make the difficult decisions across the scope of their businesses to be viable and competitive in the future.”
If you’ve invested in a new Chevrolet car in the last few years, you know that the automaker has made great strides in new technology and fuel economy in order to compete in today’s changing market. You can be assured they will continue to be a competitor in the auto industry for years to come.
