#Government
Government Never Forgets: GM to Pay Back Cash That Funded Celebrity, Cutlass Ciera Production
A bill for the assembly of two decades-old models — one from a defunct marque — will come due on April 1. And unlike much of the debts written off during General Motors’ bankruptcy, a major subsidiary now has to pay this chunk back.
The money, $220 million in all, was handed to GM Canada back in 1987 to save the Montreal-area Sainte-Thérèse Assembly plant. GM Canada used that bankroll to build the stunningly sexy Chevrolet Celebrity and Oldsmobile Cutlass Ciera. It later cranked out the last Pontiac Firebirds and fourth-generation Chevrolet Camaros.
The thing about 30-year interest-free loans is that someone eventually comes to collect.
New Transportation Secretary Has Obama's Self-driving Guidelines Under a Microscope
Last September, the Obama administration released a list of 15 guidelines to all automakers looking to develop and market a self-driving vehicle. Companies were asked to voluntarily follow the rules and report back to the federal government with useful information. It was a somewhat confusing exercise and raised a flurry of questions and concerns.
At the time, Obama wrote that the rules would provide “guidance that the manufacturers developing self-driving cars should follow to keep us safe.” Not only would the totally voluntary rules show the government that certain vehicles were safe for public roads, but it would show every interested citizen “how they’re doing it.”
That list is now in the hands of newly minted Transportation Secretary Elaine Chao. While the two administrations differ in many areas, Chao seems to be of a similar mind as Obama on the issue of self-driving cars. That doesn’t mean the guidelines won’t change.
MSRP Vs. MPG: Consumer Groups Plead With Trump to Ignore Automakers, Keep Fuel Economy Standards
Every automotive manufacturer currently selling cars within the United States has incessantly requested that the government dial back federal fuel economy standards ever since Donald Trump took office. Now, two advocacy groups — Consumers Union and the Consumer Federation of America — have sent a letter to Trump making a case to maintain Corporate Average Fuel Economy (CAFE) standards for the good of average Americans.
Automakers have claimed that higher efficiency targets will increase vehicle cost, making this a battle between two camps, each focused on U.S. wallets: MSRP and MPG.
How a Government Tire Recycling Program Opened the Door to Sleaze
Remember when recycling was new and sexy and every 1980s sitcom included it as a subplot in at least one cringe-inducing episode? It was around the time that McDonald’s took away that convenient styrofoam container — you know, the one that stored a Big Mac on one side and a delicious pile of fries on the other.
Times change. Recycling is mundane, but it’s bigger than ever — and there’s no doubt about the environmental benefits. Unfortunately, there can also be unforeseen financial benefits for less-than-honest operators, especially if a program’s creator doesn’t keep watch on who’s minding the till.
If that creator is the government, things can get messy. Consider this cautionary tale of a massive program that went rotten so badly that it had to be scrapped.
GM Lobbyist Says Company Doesn't Push Bills, Lawmakers Disagree
For now, legislation restricting the use of those pesky self-driving cars is mainly up to individual states. Because no one wants an experimental, untested car piloting their local roadways, states have erected legislative safety barriers that, for the most part, restrict pilot projects in certain areas, or on certain roads.
As everyone waits for the National Highway Traffic Safety Administration to make up its mind and put blanket regulations in place, an angry chorus of complaints from Silicon Valley startups is growing louder, accusing state lawmakers of favoring the old guard when it comes to fostering automotive technology.
Only naturally, concerns about corporate money influencing government decisions arose. One automaker’s political action fund seems more active than others
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