Word: detroits
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...more than three decades Detroit's Big Three and their allies have successfully blocked or limited changes to the nation's fuel-economy rules. However, with General Motors and Chrysler LLC facing bankruptcy, the carmakers are making what could be one last stand, and this one they may well lose...
...Chrysler, given the need for federal assistance, have kept a low profile in the fight over the California rules, and are still hoping that the Obama Administration won't grant California the waiver. In a show of Detroit's political savvy, the Big Three have also outsourced much of the current fight over the California rules to the National Automobile Dealers Association, long-time critics of legislation. Dealers say they would wind up enforcing a "patchwork quilt" of state regulations, and that the California approach would force automakers to ration certain popular large models. Dolinger says the patchwork argument...
...would be mostly neutral because they earn credit for making electric vehicles and could spend it on cars that emit too much CO2. GM now notes that one-third of the Cadillac Escalades it sell are hybrids, so it would have plenty of currency. Of course, at this point Detroit is hoping for anything that doesn't have California's fingerprints all over...
...TIME's photos: "Detroit's Beautiful, Horrible Decline...
...that Ford could finance its losses over the next year. The news that Toyota (TM) and Honda (HMC) might seek assistance from the Japanese government meant that not a single car company in the world would get by on its own. (Read about the CEOs behind Detroit's Big Three...