31 Articles
SEMA lists pro-auto hobby lawmakers in your state

Look at any legislation related to cars, and it seems pretty obvious that lawmakers hate automobiles. While it seems odd that people who get driven around Washington D.C. gridlock in full-size SUVs are railing against the same kind of vehicles, there's also a contingent of legislators on the state level who understand that "suck, squeeze, bang, blow" has nothing to do with Clinton-era interns.

House now considering doubling $25 billion DOE ATVM program

The other day, Sue Cischke, Ford group vice president of sustainability, environment and safety engineering, said, "If they (the DOE) raise the appropriations from the $25 billion to the $50 billion, we qualify." At the time, we hadn't heard about any plans to increase funding for the Advanced Technology Vehicles Manufacturing program. Of course, as we wrote when Cischke made those rema

Cash for Clunkers passes Congress, awaits President's signature

After narrowly surviving an attempt by Sen. Judd Gregg, R-N.H. to strip it from a war-spending bill, the Cash for Clunkers program passed the Senate yesterday evening. Well, the $106 billion war-spending bill passed the Senate on a 91-5 vote, but the $1 billion scrapping program earlier survived Sen. Gregg's attempt to have it

Ford CEO Mulally gets 37% pay cut; Gephardt, Earley appointed to board

Ford's CEO Alan Mulally took hope a tidy $13.57 million compensation package for his work in 2008, While that's a handsome sum, it represents a 37 percent cut of the $21.67 million he took home in 2007 – and that's before the ex-Boeing exec takes an additional 30 percent haircut for 2009. By comparison, General Motors' CEO Rick Wagoner and Chrysler's Bob Nardelli are slated to have salaries of $1 each, although both automakers have already received $17.4 billion in federal loans.

One down, one to go: Detroit 3 CEOs begin House testimony

Having watched each of the Detroit 3 CEOs take tough questions from the Senate Banking Committee for six hours yesterday, we've returned to the couch today to watch General Motors CEO Rick Wagoner, Ford CEO Alan Mulally, Chrysler CEO Bob Nardelli and Ron Gettelfinger, President of the United Auto Workers union, visit House members of the Financial Services Committee led by Rep. Barney Frank (D-Massachusetts).

The Skinny: Automaker aid from the Feds

So here's a breakdown of what's going on in Congress concerning federal aid for U.S. automakers. A Senate bill expected to be voted on this Thursday would expedite funds for Ford, GM and Chrysler so that they could actually get the cash they need within 22 days after the bill becomes law -- should the bill become law. The $25 billion loan, paid back at an initial rate of 5-percent, would come out of the $700 billion bailout fund for financial institutions. The Senate's stipulations woul

It's just a bill, that can't get passed: Senate fails to move energy bill forward

Despite being passed by the House of Representatives yesterday by a 235 to 181 margin, the new energy bill reached the Senate floor this morning and failed to muster enough votes to move on to the White House, where the President has threatened a veto of it in its current state. The Senate vote was 53 to 42, a majority but still seven votes shy of the 60 it needed. This means that the Senate will now spe

House of Reps approves doomed energy bill

The U.S. House of Representatives has approved the Energy Independence and Security Act today by a margin of 235 to 181. The new energy bill was crafted on a compromise reached last week between Speaker of the House Nancy Pelosi (D-Calif.) and Rep. John Dingell (D-Mich.), and calls for an increase of the Corporate Average Fuel Economy standard to 35 mpg by 2020. Though the compromises contained

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