General Motors celebrated its 100th birthday, and workers broke out in eager cheers as the company unveiled its new electric-powered car, the Chevrolet Volt, making this
automobile manufacturer a leader in vehicle technology. Chairman and CEO Rick Wagoner said that the recent turmoil in the financial markets should not affect the loan package now before Congress. Wagoner added, “The $25 billion in loans were approved last year as part of an
energy bill and should now be funded to help the industry build next-generation automobiles and meet government fuel economy standards.”