Oil and natural-gas lobbyists launch a social-media campaign challenging Americans to go without fossil fuels for a week. It all starts Monday.
In the spring of 2009, General Motors took a break from swimming in the political pool. Now that it's done toweling off the bankruptcy blues, The General is reportedly ready for another dip. According to The Wall Street Journal, the Detroit automaker has just lifted a self-imposed political spending ban by handing out $90,500 for select candidates running in the November elections.
It doesn't matter which party is in power in Washington (or state capitals, for that matter), companies that are spending billions of dollars to develop new products and technologies will spend at least a fraction of that amount to lobby politicians for policies that give them a leg up in the market. That's just what Ford, Archer Daniels Midland (ADM) and countless others are doing when it comes to "green vehicle" technology.
Earlier in the week, U.S. Representative Darrell Issa (R, Calif.) called for an amendment to a financial reform bill that would bar any company at least five percent owned by the government from lobbying Congress. The measure was shot down Thursday in a 9-13 vote by the financial services conference committee. The requested amendment was clearly aimed at preventing General Motors and Chrysler from spending money to influence our nation's leaders. All but one Democrat voted against the proposed a
Bob Lutz is crying foul on the special treatment Toyota seems to be getting from Washington, D.C. lately. GM's vice chairman for product development, Lutz was quoted as saying he thinks Toyota is spending a lot more on politics nowadays because they seem to have even more clout than world number one GM in lobbying power. Political power is important when government regulations are being considered and can mean a great deal in advancing certain innovations, or steering automotive development tow
Political lobbying is a crime in South Korea, who knew? Prosecution officials in South Korea have barred ten Hyundai higher-ups from leaving the country, sacked their offices and actually arrested the CEO of one of the company's affiliates as they're investigated for lobbying politicians illegally. The beefs prosecutors are pursuing involve slush funds, particularly those allegedly held by Hyundai affiliate Glovis Co. Ltd., 60 percent of which is owned by Chung Mong-koo (head
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