Geez! As if things aren't bad enough with gas prices and interest rates soaring skyward while income and jobs are headed in the opposite direction along with personal savings and Corporate pension plans. It now seems that according to GM Vice Chairman Bob Lutz has placed a tab of $5,000 per vehicle for the fuel economy initiative. Lutz' comments came in response to a recent Supreme Court decision that the EPA has the express right to regulate carbon dioxide emissions.
A Bush administration analysis of the initiative placed an industry cost of $117 billion between 2010 and 2017, with over $40 billion coming from GM alone. The plan, which aims to decrease US oil dependency by 20% by 2017, is focused on several industries, but the car and light truck market could be hit extremely hard. Lutz and other industry leaders are keen to the idea of better-utilizing E85 instead of what Blogger Bob calls an "unaffordable solution". Currently, there are only 1,100 E85-capable gas stations out of 170,000 in the US.
http://www.detnews.com/apps/pbcs.dll...445/1148/rss25
04-05-2007, 05:50 AM
Linear Mode
