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
Remember how the automakers fought against the 35 mpg by 2020 CAFE increase late last year? They are also fighting against possible state-by-state emissions and fuel economy regulations issues that are going through the courts. Following the news today of the NHTSA's call for cars to reach a 35.7 mpg average (and light trucks reach a 28.6 mpg average) by 2015, the Alliance of Automobile Manufacturers seems to be OK with it. The Auto Alliance issued a statement today (pasted after the jump) where
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.
12Click and Clack say 35 mpg limit is just right for new CAFE standards - and rip the industry a few new ones
Even if you don't like cars, you can enjoy the NPR show Car Talk. And, even if you're not too familiar with the ins and outs of the upcoming CAFE legislation, you can listen to Car Talk's Click and Clack (Tom and Ray Magliozzi) and understand that they're in favor of more fuel-efficient cars.
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