Just how many jobs does President Barack Obama want to destroy in the name of going green? According to a new report by The Center for Automotive Research, the number could be as high as 264,500 jobs lost just from new automobile fuel efficiency standards being considered by the Environmental Protection Agency. Meanwhile, the cost of a new vehicle could go up by nearly $10,000 and sales could be reduced by 5.5 million vehicles annually. DBusiness pulls apart the report and finds that under the highest proposed mandate — which …
Over 2,500 business leaders are flying in from around the world on carbon-spewing planes to the Swiss ski resort Davos for the World Economic Forum (WEF). If they were planning on taking a sports utility vehicle (SUV) or a limousine from the airport to the resort, they better think again: Conference organisers have asked the business elite to leave their gas-guzzling limousines and SUVs, the traditional mode of transport for any self-respecting banker, at home. However, those who insist on turning up in their ostentatious cars will not be banned …
Take good care of your current car. Given what the proposed Environmental Protection Agency/Department of Transportation regulations are going to do to new vehicles, you may want to hang on to it for as long as possible. Pursuant to federal law as well as a 2007 Supreme Court case, these two agencies have proposed a sharp increase in vehicle fuel economy. The proposal requires a 5 percent annual increase in fuel economy starting with the 2012 model year, reaching 35.5 miles per gallon by 2016. Note that this would be …
Here’s a shocker. Among the cheerleaders for President Obama’s plan to increase federal fuel efficiency mandates were General Motors and Chrysler — two companies that are, at the moment, virtually run by the federal government itself. GM’s Fritz Henderson, who was made CEO when Rick Wagoner was effectively fired by the White House, was particularly effusive in his support. “GM is fully committed to this new approach,” Henderson said in a statement. “GM and the auto industry benefit by having more consistency and certainty to guide our product plans.” It …
