Obama’s Vision for Auto Industry Tested by Economy, Gas Prices
President Bush recently announced the terms of the $17.4 billion in assistance for the auto companies, but President-elect Barack Obama issued a stern warning that â€śThe auto companies must not squander this chance to reform bad management practices,â€ť New York Times reports.
The incoming Obama administration has a vision for an energy-efficient auto industry. Obama has said he would provide up to $3 billion to Detroit auto companies and their suppliers so they can retool their factories to produce smaller and more fuel-efficient vehicles. But with gasoline prices dropping again, it is unclear whether consumers will want smaller cars.
In addition, Obama may have to make compromises in pursuing an energy-efficient auto industry because he must juggle other priorities like boosting the broader economy.
Energy Manager News
- Infineon Unveils Integrated LED
- Want a Green and Energy Conscious Business? Try These Ideas
- FMPA: Power Costs Expected to Dwindle 30% to 40% Within Years
- Name-Dropping: CUB and Illinois AG Say Nicor Advanced Energy Should Change Identity
- Saving Energy â€“ In the Restroom
- UAB Getting First Solar Array
- California is Among the National Leaders in Energy Efficiency and Economic Gains
- Westerly, RI, Making Moves to Improve Municipal Efficiency