Congress wants business plan from automakers

The task will involve lots of salesmanship for a legacy-making piece of legislation that Biden announced in a Wednesday speech. His administration must sway Congress. It needs to rally voters. Within Washington and corporate board rooms, the administration is attracting its share of accolades and rebukes on his proposal.
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Government, consumers want lower EV prices, but automakers still pricing high

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Automakers Make Their Bailout Pitches - CBS News

General Motors Corp. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid ordered them to outline major changes, including the elimination of lavish executive pay packages and assurances that taxpayers would be reimbursed for the loans. All three companies are filing separate plans. Congressional hearings are planned for Thursday and Friday. Carl Levin, a Democrat from Michigan. GM will outline efforts to negotiate swapping some of the company's debt for equity stakes in the automaker, either shares or warrants for them, said two people briefed on the company's plan.
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From Las Vegas to Washington D.C., lobbyists swarm U.S. Congress on tax bill

Welcome to Overnight Energy, The Hill's roundup of the latest energy and environment news. Here are some photos from around the world showing cities hit by record-setting snowstorms. Please send tips and comments to Rebecca Beitsch at rbeitsch thehill. Follow her on Twitter: rebeccabeitsch.
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The U. The Ford Motor Company didn't need the funds since it had already cut costs. But it asked to be included so it wouldn't suffer by competing with companies who already had government subsidies. It provided incentives to spur new car purchases.
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