GM’s Rick Wagoner explains Government Technology Investments

GMBlogs has this video from Rick Wagoner who explains the recent Government decision to make $25B inĀ  loans available to automakers to help develop new technologies:

The Energy Security Bill of 2007 which established the new fuel economy requirements that the Automakers are responding to had built in financial support to assist Automakers in meeting the aggressive new requirements. The funding support passed this weekend is the funding promised by Congress.