First, the government demands true, radical restructuring of the big three, including massive replacement of corporate executives, elimination of several company brands, and cuts in production..
Second, the government agrees to buy new cars now in inventory and over two years, paying companies cost plus $1000 profit.
Third, the government sets up a deal that requires companies to sell the cars to consumers for $100 down plus 10 years at extremely low interest to pay them off, with funds going to US Treasury. Qualifications for consumers: must trade in an old, high pollution car or two newer cars.
What this does: gets money to companies, keeps many workers’ jobs, gives consumers a benefit, cuts pollution.
