Takata looks to be preparing for a bigger fight with Congress, upping its spend on lobbyists by 22 percent in Q2 compared to Q1.
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.
Chrysler U.S. Postal Service Minivan – Click above for high-res gallery
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