The Wall Street Journal reports that major car-buyers want in on the plan to rescue Detroit:
Avis, a subsidiary of Avis Budget Group, is floating a plan to have the Federal Reserve and Treasury purchase the debt issued by so-called fleet purchasers. The plan also calls for Congress to authorize direct loans to such firms for the purpose of buying cars and trucks.
Due to the credit freeze, trucking companies and car and limousine rental companies haven't been able to raise enough cash to finance their fleets. Such firms are "critical to the overall stability and long term sustainability" of the U.S. auto industry, reads a legislative proposal Avis has circulated on Capitol Hill.
Well, that didn't take long.