
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."
|
|
|
|
|
|
| Additional Business News Stories | |
LINCOLN, Neb., May 24 (UPI) --
A law giving the governor of Nebraska the authority to approve oil pipelines passing through the state is illegal, three landowners say in a lawsuit.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption