Automotive News is reporting a serious backlash from car dealers regarding the North American Dealers Association's choice of keynote speaker for the annual industry confab in January: former first lady and secretary of state, Hillary Clinton.
Up for vote in the U.S. Senate is a deficit-cutting bill already passed by the House of Representatives that will curb federal spending by $60 billion this year while also preventing the EPA from increasing the percentage of ethanol in gasoline from 10 percent to 15 percent and handing out subsidies for gasoline stations being retrofitted to sell the E15 blend. The combination is creating some interesting political conflicts.
We've decided to stop trying to guess what General Motors will do before its IPO – which might come next month or later this year or early next year. What we do know is that GM has wanted to secure a captive finance arm before an IPO, a process that looked unlikely, then fell off the radar entirely, and then, BAM!, GM whips out $3.5 billion to buy AmeriCredit. That has made at least one senator do a double-take, asking whether spending that much money and loaning to the subprime market is
It was very likely because of who the audience was, but all the panelists at today's "View from the Hill" seminar at the EDTA show agreed that electric drive is the way to go for the future of the American car. Congressional staffer JJ Brown, from Senator Orrin Hatch's (R-UT) office, Pat Bousliman, the natural resources adviser to the Senate Finance Committee, and Mike Carr, counsel to the Senate Energy & Natural Resources Committee (he also works for Senator Bingaman, D-NM), spoke about how
Recently, I told you that California Senator Barbara Boxer invited EPA head Stephen Johnson to a field meeting today, January 10th. I joked then "If I were Steve, I would try to catch the flu before January 10 or settle on some other reason not to go." Well, Stephen must read AutoblogGreen because he did not show up today. Barbara did leave a chair empty just in case. Barbara also put out an empty box labeled "EPA Documents" because Stephen did not send the documents she asked for either.
Senator Barack Obama has tossed aside the keys to his Chrysler 300C in favor of a new Ford Escape Hybrid. According to the Detroit Free Press, the senator from Illinois was lambasted for driving the a V8 300C after chastising Detroit in a May 7 speech for failing to anticipate rising oil prices that have changed consumers' buying habits.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models