1.
U.S. markets recover from steep losses
WASHINGTON, April 30 (UPI) -- Two bills in Congress would strengthen the U.S. National Highway Traffic Safety Administration and increase fines imposed on automakers for defective cars.
Rep. Henry Waxman, D-Calif., chairman of the House Energy and Commerce Committee, has submitted a bill for committee consideration that would allow the NHTSA to impose a per-vehicle fee to go to the NHTSA budget, the Detroit Free Press reported Friday.
In a separate bill, Sen. Jay Rockefeller, D-W.Va., proposes to add new restrictions on former NHTSA staff members who switch over to jobs in the automotive industry.
The bills would also end a cap on fines the NHTSA can impose.
An Alliance of Automobile Manufacturers spokeswoman, Gloria Bergquist, said the trade group was still studying Waxman's proposals.
She said it was "a belt-and-suspenders approach and probably tape-and-staples on top."
"We're really going to be urging lawmakers to focus on the few measures that would produce the most substantial safety benefit in the shortest time," she said.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
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
