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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Detroit automakers to lobby Congress for $50 billion in loans]]></title><link>http://www.autoblog.com/2008/09/08/detroit-automakers-to-lobby-congress-for-50-billion-in-loans/</link><guid isPermaLink="true">http://www.autoblog.com/2008/09/08/detroit-automakers-to-lobby-congress-for-50-billion-in-loans/</guid><comments>http://www.autoblog.com/2008/09/08/detroit-automakers-to-lobby-congress-for-50-billion-in-loans/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a></p><a href="http://www.detnews.com/apps/pbcs.dll/article?AID=/20080908/AUTO01/809080377/1148/rss25"><img vspace="4" hspace="4" border="1" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2008/09/61056391_31343afdc6_b_opt.jpg" /></a><br /><br />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.<br /><br />Originally, <a href="http://www.autoblog.com/2008/08/22/i-wsj-i-big-3-seeking-25-billion-from-feds/">Detroit's Big Three were after $25 billion in loans from the Feds</a>, 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. <br /><br />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.<br /><br />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.<br /><br />Mark Fields, Ford's President of the Americas, likens the <strike>bailout</strike> 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." <br /><br />[Source: <a href="http://www.detnews.com/apps/pbcs.dll/article?AID=/20080908/AUTO01/809080377/1148/rss25">Detroit News</a>]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2008/09/08/detroit-automakers-to-lobby-congress-for-50-billion-in-loans/">Detroit automakers to lobby Congress for $50 billion in loans</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Mon, 08 Sep 2008 08:32:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.detnews.com/apps/pbcs.dll/article?AID=/20080908/AUTO01/809080377/1148/rss25>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/09/08/detroit-automakers-to-lobby-congress-for-50-billion-in-loans/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1307204/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/09/08/detroit-automakers-to-lobby-congress-for-50-billion-in-loans/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>chrysler</category><category>federal</category><category>federal loans</category><category>FederalLoans</category><category>ford</category><category>general motors</category><category>GeneralMotors</category><category>gm</category><category>loans</category><dc:creator><![CDATA[Damon Lavrinc]]></dc:creator><pubDate>Mon, 08 Sep 2008 08:32:00 EST</pubDate></item><item><title><![CDATA[Feds to release new roof-strength regs in July]]></title><link>http://www.autoblog.com/2008/05/27/feds-to-release-new-roof-strength-regs-in-july/</link><guid isPermaLink="true">http://www.autoblog.com/2008/05/27/feds-to-release-new-roof-strength-regs-in-july/</guid><comments>http://www.autoblog.com/2008/05/27/feds-to-release-new-roof-strength-regs-in-july/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/carbuying/" rel="tag">Car Buying</a>, <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/safety/" rel="tag">Safety</a></p><p> </p>
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<p><a href="http://detnews.com/apps/pbcs.dll/article?AID=/20080527/AUTO01/805270302/1148"><img vspace="4" hspace="4" border="1" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2008/05/xc90-rollover-test-resized.jpg" /></a></p>
<p>While <a href="http://images.google.com/imgres?imgurl=http://www.autoblog.com/media/2006/05/XC90-rollover-test-resized.jpg&amp;imgrefurl=http://www.autoblog.com/2006/06/01/rollover-beethoven-2006-model-year-suv-safety-improves-greatly/&amp;h=297&amp;w=450&amp;sz=22&amp;hl=en&amp;start=11&amp;sig2=Qfi59aSy8JL7RE-CgHDr7g&amp;um=1&amp;tbnid=Dk4mqiQsh_OKOM:&amp;tbnh=84&amp;tbnw=127&amp;ei=Yjo8SJ3sMJiCiAGK4pm5CA&amp;prev=/images%3Fq%3Diihs%2Brollover%26um%3D1%26hl%3Den%26rlz%3D1T4GZAZ_enUS245US246">rollover resistance is improving</a>, current vehicle roof strength regulations date back nearly 35 years. With that in mind, Congress will be taking a careful look at federal regulators as they work on upgrading the standards early next month before they unveil a final regulation at the end of July. Current standards require a vehicle under 6,000 pounds to withstand a force of 1.5 times the vehicle weight without crushing and striking the head of a belted average-size adult male. In August 2005, the National Highway Traffic Safety Administration (NHTSA) proposed toughening that standard to 2.5 times the vehicle weight (and adding it should cover all vehicles under 10,000 pounds). Safety advocates, however, have argued that the standard should be 3 to 3.5 times the vehicle weight.</p>
<p>According to the NHTSA, increasing the crush resistance to 3 times the vehicle weight would cost automakers at least $1.1 billion more that it would to meet the 2.5 standard. Automakers have shown resistance to the proposals too. They have asked for more time to comply with the toughened rules, and that some vehicles (such as the <a href="http://www.autoblog.com/2006/04/12/new-york-auto-show-2007-jeep-wrangler-unlimited/">Jeep Wrangler</a>) be exempt. They have also pointed out that increased roof strength means added weight -- counterproductive in their continued efforts to meet stringent fuel economy standards.   </p>
<p>[Source: <a href="http://detnews.com/apps/pbcs.dll/article?AID=/20080527/AUTO01/805270302/1148">The Detroit News</a>, Photo from Volvo]</p>
<p> </p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2008/05/27/feds-to-release-new-roof-strength-regs-in-july/">Feds to release new roof-strength regs in July</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Tue, 27 May 2008 13:27:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2008/05/27/feds-to-release-new-roof-strength-regs-in-july/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1206948/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/05/27/feds-to-release-new-roof-strength-regs-in-july/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Crash</category><category>Federal</category><category>Flip</category><category>National Highway Traffic Safety Administration</category><category>NationalHighwayTrafficSafetyAdministration</category><category>NHTSA</category><category>Regulations</category><category>Roll</category><category>Rollover</category><category>Rules</category><dc:creator><![CDATA[Michael Harley]]></dc:creator><pubDate>Tue, 27 May 2008 13:27:00 EST</pubDate></item><item><title><![CDATA[How do you plan to spend you tax rebate? Enthusiasts already know.]]></title><link>http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/</link><guid isPermaLink="true">http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/</guid><comments>http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/aftermarket/" rel="tag">Aftermarket</a>, <a href="http://www.autoblog.com/category/gadgets/" rel="tag">Gadgets</a>, <a href="http://www.autoblog.com/category/trends/" rel="tag">Trends</a></p><p><img vspace="4" hspace="4" border="0" align="right" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2008/05/aem_cai_opt.jpg" />The team over at SEMA, you know them as the group that supplies the automotive industry with aftermarket performance and cosmetic accessories, have asked more than 1,000 automotive enthusiasts how they intend to spend their federal tax rebate checks. Of course, we know what SEMA <em>wants </em>the answer to be...</p>
<p>Interestingly enough, most surveyed (21%) said they would use the money to pay down credit cards. Another large chunk (20%) said they'd bank the cash for now. Of those who said they'd spend the money on specialty automotive equipment, most intend to buy wheels, exhaust kits, cold air intakes, and engine performance accessories. From survey results, SEMA was able to determine most enthusiasts have altered, and delayed, buying specialty equipment due to the high cost of fuel. In fact, some of the hottest aftermarket performance parts right now are specifically designed to enhance fuel economy. We think you just found an excuse for that new CAI. <em>Check out the press release after the jump.</em></p>
<p>[Source: SEMA]</p><p><a href="http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/" rel="bookmark">Continue reading <em>How do you plan to spend you tax rebate? Enthusiasts already know.</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/">How do you plan to spend you tax rebate? Enthusiasts already know.</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Fri, 16 May 2008 17:56:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1196903/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2008/05/16/how-do-you-plan-to-spend-you-tax-rebate-enthusiasts-already-kno/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Aftermarket</category><category>Federal</category><category>Rebate</category><category>SEMA</category><category>Specialty Aftermarket</category><category>SpecialtyAftermarket</category><category>Survey</category><category>tax rebate checks</category><category>TaxRebateChecks</category><dc:creator><![CDATA[Michael Harley]]></dc:creator><pubDate>Fri, 16 May 2008 17:56:00 EST</pubDate></item><item><title><![CDATA[California AG says feds may have to bail out US automakers]]></title><link>http://www.autoblog.com/2007/05/16/california-ag-says-feds-may-have-to-bail-out-us-automakers/</link><guid isPermaLink="true">http://www.autoblog.com/2007/05/16/california-ag-says-feds-may-have-to-bail-out-us-automakers/</guid><comments>http://www.autoblog.com/2007/05/16/california-ag-says-feds-may-have-to-bail-out-us-automakers/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a></p><p><a href="http://africa.reuters.com/wire/news/usnN14323321.html"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.autoblog.com/media/2007/05/jerry_brown.jpg" alt="" /></a>Of all people and of all places. Normally, California is the state that launches all sorts of initiatives that drive carmakers into a frenzy. Now, The Golden State is the one asserting that the national government might need to drop a few billion large to save The Big Three -- with a few left-handed compliments to go with it, of course.</p>
<p>Jerry Brown, the California Attorney General, said "The American auto industry is in deep trouble and they may require subsidies. They may have to be bailed out by the federal government that has just enabled their inefficiency and their gas guzzling." It's an intriguing position, because essentially, what he's saying is that the government that has allowed American car companies to be profligate with natural resources must now bail them out because it has allowed them to be profligate with natural resources. Twelve states are suing the US government over federal fuel efficiency standards, but Brown is then asking the government to bail them out if there are drastic penalties to pay or changes necessary for those automakers to enact. Brown said "The auto companies are in such a mess, because they persistently refuse to build fuel-efficient cars, that they might find it financially impossible to do the right thing. If that proves to be the case, I think Congress has to look at ways of helping them."</p>
<p>The case won't be decided for some time, but the NHTSA says that is out to balance "economic practicability and technological feasibility," and that it is more concerned with energy conservation than environmental protection. At heart, while it looks like Attorney General Brown wants to do the right thing -- who's the piper, and who's really responsible to pay?</p>
<p>[Source: Reuters]</p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2007/05/16/california-ag-says-feds-may-have-to-bail-out-us-automakers/">California AG says feds may have to bail out US automakers</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Wed, 16 May 2007 09:37:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://africa.reuters.com/wire/news/usnN14323321.html>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2007/05/16/california-ag-says-feds-may-have-to-bail-out-us-automakers/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/896125/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2007/05/16/california-ag-says-feds-may-have-to-bail-out-us-automakers/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>attorney</category><category>brown</category><category>california</category><category>federal</category><category>general</category><category>jerry</category><dc:creator><![CDATA[Jonathon Ramsey]]></dc:creator><pubDate>Wed, 16 May 2007 09:37:00 EST</pubDate></item><item><title><![CDATA[Government investigating if Big Oil thwarting biodiesel]]></title><link>http://www.autoblog.com/2006/04/08/government-investigating-if-big-oil-thwarting-biodiesel/</link><guid isPermaLink="true">http://www.autoblog.com/2006/04/08/government-investigating-if-big-oil-thwarting-biodiesel/</guid><comments>http://www.autoblog.com/2006/04/08/government-investigating-if-big-oil-thwarting-biodiesel/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.autoblog.com/category/trends/" rel="tag">Trends</a>, <a href="http://www.autoblog.com/category/etc/" rel="tag">Etc.</a>, <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/green/" rel="tag">Green</a></p><ahref="http://today.reuters.com/business/newsArticle.aspx?type=ousiv&amp;storyID=2006-04-06T201930Z_01_N06404397_RTRIDST_0_BUSINESSPRO-ENERGY-ETHANOL-PUMPS-DC.XML"><imgalt="" hspace="4" src="http://www.autoblog.com/media/2006/04/illinois-bio-e.gif" align="right" vspace="4" border="0"/></a>This week, Illinois Governor Rod Blagojevich and the state's two U.S. senators, Richard Durbin and Barack Obama,sent letters to the heads of the six major oil companies as part of an investigation to see if they have any policiesthat are inhibiting construction and operation of biodiesel and ethanol pumps at fuel service stations. The state isthe biggest user of ethanol and the country's second largest producer of the alternative fuel. However, only three ofthe 108 service stations selling E-85 (gasoline mixed with 85 percent ethanol), are franchises branded by the oilcompanies. <br /><br />Also, U.S. Energy Secretary Sam Bodman has indicated he will speaks with the oil companies,though he plans to discuss their policies on promoting alternative fuels. The oil companies in question? BP, Chevron,ConocoPhillips, Exxon Mobil, Shell Oil Co., and Valero Energy.<br /><br />[Source: Reuters]<br /><br /><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2006/04/08/government-investigating-if-big-oil-thwarting-biodiesel/">Government investigating if Big Oil thwarting biodiesel</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Sat, 08 Apr 2006 12:25:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://today.reuters.com/business/newsArticle.aspx?type=ousiv&amp;storyID=2006-04-06T201930Z_01_N06404397_RTRIDST_0_BUSINESSPRO-ENERGY-ETHANOL-PUMPS-DC.XML>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2006/04/08/government-investigating-if-big-oil-thwarting-biodiesel/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/606791/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2006/04/08/government-investigating-if-big-oil-thwarting-biodiesel/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>biodiesel</category><category>earth day</category><category>EarthDay</category><category>ethanol</category><category>federal</category><category>Illinois</category><category>investigation</category><category>oil companies</category><category>state</category><dc:creator><![CDATA[Joel Arellano]]></dc:creator><pubDate>Sat, 08 Apr 2006 12:25:00 EST</pubDate></item></channel></rss>