The average cost for Detroit's Big Three automakers to meet the proposed fuel efficiency targets of 31.6 miles per gallon by 2015 has been pegged at $30.6 billion. In contrast, the average cost for the Japanese automakers sits at less than half that amount at "only" $14.85 billion. These numbers come courtesy of a recent study by Global Insight. In a real shocker, General Motors alone is expected to pay out $15 billion alone. Why the disparity? Simple: the Japanese brands already offer more fuel
U.S. House Speaker Nancy Pelosi (D-CA) has been involved with the ins and outs of the CAFE standards for a long while. This week, following the NHTSA's call for a 31.6 mpg average (35.7 for cars and 28.6 for light trucks) by 2015, Pelosi had some kind word for the President and the NHTSA. So, first the automakers say they're OK with these stricter numbers and now Pelosi lauds Bush? What's going on here? You can try to figure it out for yourself by reading Pelosi's statement in full after the jum
We all know that the Democratic Representative from the Automakers Michigan, John Dingell, is a foe of state-based regulations over the auto industry. Back in February, he tried to revive an excised portion of the energy bill that would have made federal CO2 limits take precedence over state rules. In an editorial in Automotive News (subs req'd), Edward Lapham writes that it's Dingell who will be of very few lawmakers who "get" why America needs a national fuel economy law instead of allowing st
At the National Automobile Dealers Association (NADA) meeting last weekend, GM CEO Rick Wagoner asked car dealers to lobby their state and local governments to not regulate tailpipe emissions. The NADA is going to take the legislative battle over CAFE fuel requirements seriously, something that NADA chairwoman Annette Sykora said at the same conference.
This afternoon, the energy bill that requires 35 mpg by 2020 CAFE handily passed Congress. After passing in the Senate last week, the first increase in average fleet fuel economy in 32 years sailed through the House of Representatives 314-100. The auto industry's best friend in Congress, Rep. John Dingell, D-Mich., "was key to a compromise on vehicle efficiency increases," as the AP put it. As we mentioned, part of that compromise meant stripping out tax provisions for renewable energy requireme
Automotive News says (subs req'd) that a Buick, Pontiac, GMC and Cadillac dealer in Lawrence, Kan. told the National Automobile Dealers Association this week that the way the Detroit 3 can turn their troubles to triumph is by designing and building more fuel-efficient vehicles. For proof, he pointed to a 37 percent increase in hybrid sales in the U.S. The dealer, Dale Willey, also said innovative cars (he cited the Buick Enclave and Ford Edge) must be part of the equation.
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