It’s taken two rounds of Congressional hearings, some major pride swallowing and three detailed business plans, but it looks as if the Detroit 3 will be getting the federal loans they need, though not as much they asked for. A deal was reportedly reached between Democratic leaders and the White House that will supply around $15 billion in federal loans to the struggling U.S. auto industry. While General Motors, Ford and Chrysler asked for a combined maximum of $34 billion, the $15 billion is designed to ensure they stay alive until March when the issue will be readdressed with the input of a fresh Obama administration. GM and Chrysler reportedly need around $11 billion to survive the new year, while Ford has said it would only need government aid if one of the other two went under.

We’re hearing that a deal was reached between Democrats and the Bush administration late Friday after top Dem. Nancy Pelosi gave in to the White House and its position that the money should come from $25 billion in loans previously approved to help the automakers retool for energy fuel efficient vehicles, rather than drawing the aid from the $700 billion Troubled Asset Relief Fund for struggling financial institutions. In return, Pelosi is seeking a guarantee that the money would be replenished in “a matter of weeks.”

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What’s another $25 billion between friends? That’s the argument General Motors, Chrysler and Ford’s Congressional lobbyists will be making in the next few months for a $50 billion loan from the federal government.

Originally, Detroit’s Big Three were after $25 billion in loans from the Feds, but after lawmakers authorized a loan in last year’s energy bill, the domestics now want Congress to grant loans up to $50 billion over the next three years.

The loans would carry an interest rate of around four to five percent, with $25 billion being available in the first year, another $15 billion in the second year and the final $10 billion in the third.

GM, Ford and Chrysler contend that the low-interest loans would be used to build more fuel-efficient vehicles, including hybrids and electrics, thus reducing the U.S.’s dependency on foreign oil, not to mention making all three automakers more competitive in a market that no longer favors big trucks and SUVs.

Mark Fields, Ford’s President of the Americas, likens the bailout loan to the recent financial support granted to Bears Stearns, Fannie Mae and Freddie Mac from the Feds, saying, “This is not about benefiting Wall Street. This is benefiting Main Street, the working men and women.”

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At the Plug-In 2008 conference in San Jose CA this week General Motors will be on hand to announce a partnership with the Electric Power Research Institute (EPRI) to promote plug-in vehicles. GM VP for Global Program Management Jon Laukner will be delivering a keynote address at the Plug-in conference on Monday, and the EPRI partnership is expected to be part of the discussion. At this point GM doesn’t have any production plug-in vehicles, but will debute two different models in the next two years. A plug-in version of the Saturn Vue Two-Mode hybrid is expected to debut in late 2009 while the Chevy Volt should appear a year later. The styling of the production car based on the Volt concept should be debuting in the next few months, possibly in September in conjunction with GM’s centenial celebration. One possible key to the ultimate success of plug-in vehicles would be the installation of public charging stations allowing drivers to top up the battery as they go through their daily routines. Doing this will require the participation of local governments, businesses and electric utilities. Another factor that would help make plug-in vehicles financially viable for consumers would be the establishment of an aftermarket for lithium ion batteries that may not be useful for cars but could be used by utilities for buffering power supplies. EPRI previously announced a similar promotional partnership with Ford.

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While some automakers are already promising to have plug-in hyrbids on the road by 2010, the US Department of Energy is now pouring some cash into a slightly less ambitious joint effort with Ford, General Motors, and General Electric, which would see plug-ins capable of driving 40 miles on a single charge roll out by 2014. Under the new effort, General Motors will be tasked with improving lithium-Ion battery packs and charging systems, and integrating them into its own research with a test fleet by 2011, while Ford will be aiming to speed up the mass-production of plug-in hybrids, as well as improve its batteries and build prototype vehicles. Rounding things out, General Electric will be partnering with Chrysler to develop a dual-battery system, which promises to let vehicles travel 40 miles on a charge. All of that is still subject to appropriations by Congress, however, and the aforementioned companies would obviously be pouring in a good chunk of change themselves, as a mere $30 million isn’t exactly quite enough to shake up the auto sector these days.

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wo separate reports out of Australia say that Holden is looking to maximize the Commodore’s fuel efficiency in an effort to stoke sales. Both stories quote General Motor’s Asia-Pacific vice president, Nick Reilly, but the separate reports, while sharing a common theme, come to decidedly different conclusions about how the General plans to proceed.

The first story from the Sydney Morning Herald (thanks Patrick!) cites Reilly as saying that Holden is looking into hybrid technology to power the Commodore. “[It] could be one of the first hybrids that you will see,” but Reilly insists that a gasoline-electric Commodore is still a few years out.

The second report comes courtesy of Drive.com.au, who also spoke with Reilly and asked if a four-cylinder version of the Commodore was in the cards. “It makes a lot of sense,” Reilly said, “and therefore we’re probably looking at it, but I can’t tell you when.” While that’s far from a confirmation that a turbocharged four is on the way, it coincides with earlier reports that the new Camaro, which shares its platform with the Commodore, might benefit from the same 260 hp, turbocharged 2.0-liter found in the Pontiac Solstice GXP and Saturn Sky Redline.

Both stories are somewhat devoid of hard details, but despite that, it may be proof that General Motors’ operations Down Under are willing to look at a variety of solutions to address the Commodore’s slipping sales.

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