Auto execs head to Washington to take on fuel economy regulations
Prior to the hearing today the companies have been exchanging notes to make sure that they're all on the same page. While they will emphasize their efforts on flex-fuel vehicles, hybrids and other alternative power-plants, they are likely to face a somewhat more hostile audience today than in the past. Even Republicans like Sen. Ted Stevens, who have traditionally been strongly opposed to new fuel economy standards are now changing their tune. GM wants to talk about why current CAFE standards haven't done much and what can be done differently this time around. Toyota also wants to see an increased emphasis on mass transit as part of the solution. It should be a pretty contentious meeting, and we'll follow up with highlights after the smoke clears.
[Source: Detroit News]
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