As the price of new cars rises and earnings fall, average Americans are finding they can no longer afford the price of new cars. This is a troubling sign for the economy.
Donald Trump whined about the German auto industry while in Brussels on May 25, threatening to impose a 35% tariff on German cars. The White House predictably maintains Trump was misquoted and the press is responsible for blowing the story out of proportion.
Ford Motor Company has fired CEO Mark Fields, according to company insiders. He will be replaced by Jim Hackett, former head of Steelcase who has no experience in the auto manufacturing industry.
The US auto market was down in April but EV sales are still growing. That’s a very good sign.
The proposed EPA budget would slash funds for emissions testing and force automakers to pay for the program. Car makers are not happy.
The articles on this week’s Gas2 Week in Review that really caught our readers’ attention primarily seemed to focus on ways that the auto industry and investments intersected.
Congressional Republicans and Donald Trump are proposing a 20% border adjustment tax on imported automobiles and auto parts. That would be a disaster for the economy say car dealers.
Two days after the election, the big 2.5 in Detroit have fired off a letter to the Trump transition team asking for relief from the fuel economy and emissions regulations promulgated by the EPA.
Dona;ld Trump promises to build pipelines, re-open coal mines and “drill, baby, drill.” Such policies are an “existential threat to the nation,” say climate scientist.
The Koch Brothers are not happy that anyone but them should get government subsidies and they want to put a stop to it – just as long as it doesn’t endanger the billions in government subsidies that benefit them.
Ah, society — takes us decades to turn a simple, life-saving corner. Subsidizing fossil fuels in the 21st century has got to be one of the dumbest things society has ever done… (and we’ve done a lot of dumb things). We have cheaper alternatives that don’t kill us and cause all kinds of health problems […]
U.S. Transportation Secretary Ray LaHood has left the Obama administration after several years of encouraging biking and walking while discouraging cell phones. During his departure, Secretary LaHood said, “By 2025, all of us, every family, will have some kind of hybrid or electric vehicle,” a very encouraging (if overly optimistic) prediction from a high level government official, and a Republican at that.
Politically, a line was drawn clearly in the sand separating the ideological views of conservatives and liberals in terms of their option on the current state of alternative fuels in the United States. With President Obama reelected it seems that the current support for alternative fuels will continue. One would think that it would mean that cries for fiscal responsibility from the right will not be far behind; however that might not be the case.
Republican Presidential nominee Mitt Romney has shown talent at spinning a narrative to fit his version of reality, but his most recent attempt to flip flop on the auto bailout is meeting particular resistance after Chrysler CEO Sergio Marchionne flatly rejected a recent Mitt Romney ad as flatly “inaccurate”, and GM called it “politics at […]
$90 billion. The Obama administration has put $90 billion in subsidies into solar and wind energy companies and about half of the companies have failed. That is the claim that Romney has said debate after debate. The argument is that the $90 billion could have been spent on something else. Solyndra and Ener1and now A123 […]
Vice Presidential candidate Paul Ryan, the fiscal conservative hero of the Republican Party, once supported a US Energy Department loan program aimed at developing greener cars. Furthermore, Ryan even called for DOE to hand out lump-sum payments to companies. My, how times have changed since 2008 and 2009.