(1888PressRelease)
May 24, 2009 - Financial Business Solutions Worldwide declared that with the recent change over in ownership of US based auto makers, that new light is available.
"We want the US auto makers to know that there are financing options to help this mess out. We know that the government is borrowing fifty cents for every dollar appropriated. There need to be contributions from the private sector. With our recent addition of Fran Tech USA, we have enough resources to make something a reality." said FBSW officials.
It is not an impossible feat for US Auto Makers to meet the new National Fuel Efficiency Policy FBSW officials asserted.
President Obama this month set in motion a new national policy aimed at both increasing fuel economy and reducing greenhouse gas pollution for all new cars and trucks sold in the United States. The new standards, covering model years 2012-2016, and ultimately requiring an average fuel economy standard of 35.5 mpg in 2016, are projected to save 1.8 billion barrels of oil over the life of the program with a fuel economy gain averaging more than 5 percent per year and a reduction of approximately 900 million metric tons in greenhouse gas emissions. This would surpass the CAFE law passed by Congress in 2007 required an average fuel economy of 35 mpg in 2020. (Source White House Office Press Secretary)
“In the past, an agreement such as this would have been considered impossible,” said President Obama. “That is why this announcement is so important, for it represents not only a change in policy in Washington, but the harbinger of a change in the way business is done in Washington. As a result of this agreement, we will save 1.8 billion barrels of oil over the lifetime of the vehicles sold in the next five years. And at a time of historic crisis in our auto industry, this rule provides the clear certainty that will allow these companies to plan for a future in which they are building the cars of the 21st century.”
Financial Business Solutions Worldwide LLC made a point to assert that contributions didn't have to come solely from Washington.
"We're here to help get this economy out of the slump. We're sure that we'll be impacting the economy just as much as Wachovia, or those other banks soon enough. We have a unique method of obtaining financing for projects. Granted, it's not available for people who just want to make money, but it plays a good role in times like these." said Funding Officials from FBSW.
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