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National Press Release

Auto Bailout: A Lemon for Consumers and Taxpayers?

Published 2008-12-01 17:59
By Consumers for Auto Reliability and Safety

WASHINGTON, Dec. 1 /PRNewswire-USNewswire/ -- The following was released today by Consumers for Auto Reliability and Safety:

News Conference

National Press Club, West Room, 529 14th St. NW, Washington, DC

Wednesday, Dec. 3, 2008, at 10:00 A.M. EST

WHO:

    --  Representatives of Consumers for Auto Reliability and Safety, National
        Consumers League, National Association of Consumer Advocates, and Public
        Citizen
    --  Representative of North American Export Committee (law enforcement
        officials representing United States, Canada and Mexico)

WHAT:

    --  Consumer groups and international law enforcement agency will release 14
        steps that Congress and federal regulatory agencies must take to ensure
        that auto industry bailout protects consumers and taxpayers and does not
        subsidize waste, fraud, auto theft, and related crimes.
    --  Experts will explain how taking action will accelerate the sales of
        newer, safer, cleaner-running vehicles, benefiting consumers, the auto
        industry, workers, the environment, and the economy.
    --  Victims of auto theft, fraud, and predatory auto industry practices will
        describe their experiences.

VISUALS: enlargements of severely damaged vehicles

NO MATERIALS WILL BE RELEASED PRIOR TO THE PRESS CONFERENCE.

SOURCE Consumers for Auto Reliability and Safety



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