Word: plante
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...move followed a week in which the Big Three announced plant closures or sharp cutbacks in operations in advance of the holidays. Chrysler announced on Wednesday that it is preparing to shutter all 30 of its manufacturing plants, starting Friday, through Jan. 19. "Part of this was planned already," said Lori McTavish, Chrysler's director of communications. (See pictures of the remains of Detroit...
Ford, while not seeking federal aid, has announced plans to extend its holiday shutdown at 10 assembly plants next month. Lewis Booth, Ford's chief financial officer, declined to make predictions about industry-wide sales for 2009, but noted, "We're seeing weak sales in Western Europe and in Eastern Europe, where sales in Russia dropped." Russia's weakness prompted Ford to trim production at its new assembly plant near St. Petersburg. "We're even seeing weakness in South America, where sales were very strong right through September," he said. Ford, however, has enough cash to make it through...
...such as Toyota, said it expects to report a loss for the quarter ending Dec. 31. "Global automotive production is significantly worse than just two months ago," said Johnson Controls chairman and chief executive officer Stephen A. Roell. "Our customers continue to announce production reductions and plant shutdowns on a weekly basis. Every region of the world is down by a double-digit rate," he added...
...President-elect Barack Obama has been a reliable supporter of biofuels, so it's no surprise that former Iowa governor Tom Vilsack, his choice for Agriculture Secretary, has been an even more reliable supporter of biofuels, even chairing a national coalition on ethanol (ethyl alcohol, a fuel distilled from plant matter). "As governor of one of our most abundant farm states, he led with vision," Obama said of Vilsack on Wednesday, "fostering an agricultural economy of the future that not only grows the food we eat but the energy...
...January, I chatted with Vilsack about biofuels after a Hillary Clinton campaign event at a soy-biodiesel plant in Newton, Iowa. The theme of the day was that biofuels produce jobs, and Vilsack was pushing Iowa as "the clean-energy capital of America." But he was clearly aware of the new research suggesting that biofuels in general - and corn ethanol in particular - created more carbon emissions by accelerating deforestation than they saved by replacing fossil fuels. "It's definitely something we need to study," he said. Vilsack suggested that second-generation biofuels like cellulosic ethanol manufactured from switchgrass could solve...