EU-Digest/HPost - US Big Three Promise Green Future But Spent $50 Million Since 2007 Lobbying Against It - European car makers forced into frugality
AUTO Industry: US Big Three Promise Green Future But Spent Almost $50 Million Since 2007 Lobbying Against It - European car makers forced into frugality
Executives of the Big Three have been on Capitol Hill asking ( begging)for $34 billion in government aid, lamenting their financial straits and vowing their commitment to fuel-efficient cars - GM CEO Rick Wagoner even pulled up to the capitol in a light-blue Chevy Volt electric prototype. But during the hearings, Wagoner and his colleagues have yet to mention the millions of dollars they've spent this year lobbying Congress. In less than two years, the auto industry has spent $120 million lobbying Congress - much of which was used to fight legislative proposals to boost fuel economy requirements.
Note EU-Digest: With higher fuel prices European car makers have been forced for some time now to produce more fuel efficient cars, but are lobbying against higher emission standards to meet future European CO2 emission goals.
Labels: Automotive Industry, EU, USA
