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