Auto Industry Leaders Call for U.S. Focus on Alternative Fuels

GM's Rick Wagoner, along with Ford Motor Co. CEO Alan Mulally and Tom LaSorda, CEO of DaimlerChrysler AG's Chrysler Group, met with Bush in November and pushed him on alternative energy, although they came away with no promises.

Published: 17-Jan-2007

DEARBORN -- General Motors Corp. Chairman and CEO Rick Wagoner said Washington should not slack off on efforts to develop alternative energy sources now that oil prices have fallen.

Wagoner pressed the issue during a speech Tuesday night at the Automotive News World Congress in Dearborn, where fuel economy and energy policy were hot topics.

"With the price of oil at its lowest level in 19 months, we run the risk of reverting back to our traditional energy policy," Wagoner said. "That is, relying heavily on the lowest-cost energy available on world markets, including imported oil, without providing adequate support for developing alternative sources.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Allocating significant money to produce a saleable hydrogen fuel cell car is likely to be a tough decision for GM. Larry Burns with image of Sequel fuel cell car behind him.

The dual-mode hybrid system will be available in a wide range of cars, trucks and S.U.V.'s made by the three companies, starting with the 2008 Chevrolet Tahoe that goes on sale in fall 2007.

The pollution-free technology holds the potential of zero emissions and a sustainable source of energy produced when hydrogen and oxygen are mixed.

READER COMMENTS

blog comments powered by Disqus