LearnShare Launches New Customer-Facing LMS
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June 18, 2007
Charity raffle ends in confusion
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GM Said Government Underestimates Cost Of Meeting Higher Truck Fuel Economy - General Motors says regulators vastly underestimated cost of raising fuel economy standard for trucks by 1.5 miles/gallon
The owners, Italy’s famous Angelli family, still hope to fend off any takeovers but have lost political support from the Berlusconi government, which was appalled when the family proposed recently an overhaul plan that would have resulted in putting thousands of Italian working families out of work.
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Fight to control Fiat S.p.A. heating up - the business - Roberto Colaninno vs. Emilio Gnutti vs. General Motors Corp - Brief Article
The potential role of General Motors (GM) in saving Fiat, which had an operating loss of about $1.2 billion last year, is unclear. GM owns about 20 percent of Fiat and does have an option to buy, but the company so far has not revealed its hand. Gnutti appears to have the tacit backing of Italian Prime Minister Silvio Berlusconi and may have the support of Fiat’s bankers, Banca Intesa and Unicredito Italiano.
The fuel economy proposal has garnered nearly 20,000 comments since December, many of them in support of higher standards. Toyota Motor Corp. and Honda Motor Co. told NHTSA they were in favor of the increase, while environmental groups have said the increases were not sufficient.
NHTSA’s own estimates found that the societal benefits of its higher fuel economy standards surpassed the costs imposed on automakers and society as a whole by $824 million. But the industry’s lobbying group and Detroit’s Big Three automakers all contend NHTSA underestimated the cost of improving fuel economy and overestimated the benefits.
Other Detroit automakers did not follow GM’s hard line, but still offered some complaints about the proposal. Ford called the levels “technically challenging,” and warned NHTSA’s cost estimates were low, but said it was committed to meeting the standards.
NHTSA chief Dr. Jeffrey Runge has said he would support even higher increases beyond 2007 to reduce dependence on imported oil, calling it an issue of national security.
In December, NHTSA proposed an increase in fuel economy standards for pickups, vans and sport utility vehicles, from 20.7 miles per gallon to 22.2 miles per gallon in model year 2007, starting with 21 mpg in model year 2005 and 21.6 in 2006.
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Beethoven: Symphonies Nos. 1-9 (Box Set)
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