Obama Proposes Significant Rise in Fuel-Efficiency Standards

Obama Proposes Significant Rise in Fuel-Efficiency Standards
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Yesterday President Obama announced a new proposal being put forward to increase fuel-economy standards across the board. If enacted, the legislation would see the fleet average for passenger vehicles rise to 35.5 mpg by 2016. Currently automakers are facing an 8 percent increase in fuel-economy standards that would see fleet averages for light-vehicles (cars and… Continue Reading...

Obama to Announce Chrysler Bankruptcy Tomorrow

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Obama to Announce Chrysler Bankruptcy Tomorrow
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President Obama is expected to announce tomorrow that Chrysler will in fact file for bankruptcy; according to a report by Bloomberg. The Wall Street Journal, however, says that Obama currently has two speeches drafted for tomorrow’s press conference: one if the struggling automaker files for Chapter 11, and one if it doesn’t. The Chapter 11… Continue Reading...

CAW Burns Nardelli/LaSorda Letter and Responds With Its Own

CAW Burns Nardelli/LaSorda Letter and Responds With Its Own
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The Canadian Auto Workers union, after burning the letter written by Chrysler CEO Bob Nardelli and joint-president Tom Lasorda, has now responded with its own statement. CAW president Ken Lewenza denies that a $19 labor gap exists between Canadian and U.S. workers and refuses to re-negotiate a contract that has already been re-neogotiated.  Lewenza calls the… Continue Reading...