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U.S. markets recover from steep losses
WASHINGTON, Dec. 4 (UPI) -- Any financial aid given to the U.S. auto industry should be linked to better fuel economy, a member of the Union of Concerned Scientists said.
David Friedman, an auto expert with the non-profit organization, said he would propose that requirement Friday during a House Financial Services Committee on government aid to the automakers.
Such a link would provide a return on return on taxpayer investment, strengthen the industry, reduce U.S. oil dependence and help mitigate global warming, the union said in a news release Thursday.
Automakers and other concerned entities testified before a Senate panel Thursday.
"U.S. automakers are promising Congress they will make better cars and stay competitive," Friedman said. "But Congress can't just take their word for it and cut a blank check. If the automakers say they can make more fuel efficient cars with the money, they ought to be required, by law, to deliver on that promise."
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It is a whole new ball of wax in Europe these days.
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