Word: auto
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...thing the bill avoided was any strong action to deal with the nation's excessive appetite for oil. Besides avoiding new auto standards, it neither raises gasoline taxes nor forces oil companies to pay for expanding the Strategic Petroleum Reserve to reduce reliance on foreign oil. That made environmentalists cringe, but also made the House and Senate energy bills compatible; the final legislation could become law by summer...
...SEASON OF SUMMER SEQUELS, THE REMATCH last week between U.S. and Japanese carmakers, self-described as the Big Eight of the world auto industry, drew very little attention. Meeting for four hours behind closed doors at a suburban Chicago hotel in a session that all the participants described as "subdued" and "serious," the dueling automen returned to the central issue of their tarnished visit to Tokyo last March: the $43 billion trade deficit between the two countries, nearly $30 billion of which comes from Japanese auto products...
...FRANKFURT AUTO SHOW LAST fall, BMW unveiled its vision of the future of driving. Called the E1, it is a four-seat car with a top speed of 120 km/h (75 m.p.h.) and a range of up to 250 km (155 miles). Not so swift, you say? But this car is a clean machine: it gives off no pollution that could foul the air in any way. The E1 runs on an electric motor powered by high-energy sodium-sulfur batteries. Although it takes electricity to charge the batteries, the power plants can be far from smoggy cities...
...support for research into energy conservation and renewable power sources. Funding in these areas has risen from $324 million in 1989 to $540 million this year. But the President and Congress have not shown much interest in politically tough measures such as sharply higher gasoline taxes or more stringent auto-fuel-economy standards, both of which would force Detroit to design more efficient cars...
SOME MERCHANTS IN BURNED-OUT LOS ANGELES NEIGHBORhoods may not be able to rebuild, even if they have the resources. They need permits. Many Angelenos in the ravaged areas are expected to oppose permits for so-called nuisance businesses: liquor stores, pawn shops, auto-repair shops and cheap motels. Says one gang member: "We were doing some renovation to the neighborhood. There are too many liquor stores in our community...