The two major U.S. presidential candidates, Barrack Obama and John McCain, have both expressed an interest in investing Federal money into green automotive technology. Although both men have differing ideas about what may be the best way to move forward, it's becoming clear that green automotive technology will be a point for debate as the election nears. This week, Obama visited with leading members of the Detroit automotive scene, including Rick Wagoner from General Motors and Alan Mulally fro
Shortly after the University of Michigan released a report indicating that auto executives believe gas prices and CAFE standards will increase dramatically in the next decade, Rick Wagoner said, "With the price of oil at its lowest level in 19 months, we run the risk of reverting back to our traditional energy policy, that is, relying heavily on the lowest-cost energy available on world markets, including imported oil, without providing adequate support for developing alternative sources.
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