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Chrysler Chief to Congress: We Are Totally Down With New Regulations
Automakers are lining up behind the new Energy Bill that's working its way through congress. They've seen the writing on the wall and, all things considered, got a fairly good deal considering the prevailing sentiment regarding car emissions and foreign oil. Chrysler CEO Robert Nardelli congratulated Congress and pledged that the company would rise to meet the higher CAFE standards. Full statement below: More »
industry news
Fuel-Economy Bills Stuck In Neutral
It seems like the Car Talk brothers don't quite have the political capital they thought they did as it looks like both Senate and House fuel-economy bills aren't gaining that much traction. Automakers clearly oppose just about any regulation, saying it'll make them harder to compete. Even with a Democratic congress there are a lot of challenges to getting either bill to pass. More »
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Breaking! Mr. Wagoner Goes To Washington
Talk about going from one firing squad to the other. The day before GM CEO Rick Wagoner's set to meet with Renault-Nissan CEO Carlos Ghosn on Kirk Kerkorian's desired topic of "Why Carlos Should Be The New Rick," he's got to make the trek out to Washington DC to testify in front of the Senate's Select Committee on Aging. The topic: Medicaid and how GM's reigning in health care costs for retirees. Well, hell — GM's been operating job banks for so long — maybe they really can teach the feds a thing or two about how to run a welfare state. Oh, and in case anyone is wondering — he won't be meeting with Bush this time either. More »
