General Motors

The Green Report: Stop Crying Detroit And Build Greener Cars

Thursday, January 29th, 2009

gmc_yukon_denalifront_left_view2007 Toyota Prius Touring Edition

GMC Yukon Denali vs. Toyota Prius Hybrid

Waaah Waaah Waaah Detroit. Automobile makers are crying the blues at President Obama’s interest in imposing stricter emission standards on their vehicles. The president recently “ordered the government to reconsider whether California and other states could regulate vehicle emissions to help control greenhouse gas emissions, a reversal of a position taken by the Bush administration.” (At the moment, automakers say only the Toyota Prius hybrid and similar vehicles would meet those standards.)

In true Obama form, he emphasized his willingness to work with the carmakers to meet his administration’s goals: energy independence and stopping global warming.

“Let me be clear: Our goal is not to further burden an already struggling industry,” Obama said at the White House according to MSNBC. “It is to help America’s automakers prepare for the future.”

American automakers claim the emission modifications could potentially put them out of business because they would have to stop producing the larger, gas-guzzlers (read: more profitable vehicles). Although GM and Chrysler just borrowed billions of dollars from the federal government, it appears they were counting on the fat price tags of their less fuel-efficient and not greenhouse gas emission-friendly vehicles like Cadillac Escalade (MSRP mid $60,000’s), GMC Denali (MSRP mid $50,000’s), Hummer truck (MSRP $60,000-70,000’s), and even the Saab 9-5 (MSRP $40,000’s).

“I think this is the pathway to their survival,” David Doniger of the National Resources Defense Council said to the New York Times. “If carmakers are going to survive in a world of volatile oil prices and global warming, they have to be making more efficient vehicles. When the economy comes back and people start buying cars again, they’re going to expect that gas prices are going to go up, and they’re not going to want the gas hogs that they used to want. Consumers’ tastes have changed in terms of what’s cool.”

Hey Detroit, you proved that you could make a hybrid Escalade. Surely, you can get to work on updating the technology for the rest of the cars, which gives options for larger families and is better for the environment. After all, Americans are paying for it—to the tune of $17.4 billion.

In other news…

Former Vice President Al Gore is urging Congress to support legislation to cap greenhouse gas emissions. In his recent testimony before the Senate Foreign Relations Committee, Gore warned the government to not get so blindsided by the economic crisis that they forget to work on international global warming initiatives. In fact, he reminds them that “the economy, terrorism and the Iraq and Afghan wars are linked by a common thread—our dangerous over-reliance on carbon-based fuels.” In addition to the greenhouse gas emissions cap, there is another solution that both Obama and Gore agree on: the President’s economic stimulus plan. Obama’s proposal includes investments in clean energy and green jobs that Gore and others think will help the U.S. economy. Green thinking could add up to more green..dollars that is.

Check ou“>t Gore’s recent testimony before Congress on greenhouse gases.

Daily News Roundup: Cars, Cows & Corruption

Wednesday, December 10th, 2008

Automaker Bailout? Although Congressional Democrats and the White House reached an agreement on the $15 billion government bailout for the automakers industry, the bill faces challenges from House Republicans. The GOP has created their own plan that would help the car companies without the American taxpayers financing it. “Republicans will not allow taxpayers to subsidize failure,” Senator Mitch McConnell of Kentucky, the Republican minority leader, said on Wednesday to the New York Times. Other GOP senators said they would use procedural methods to delay the bailout vote.

Will the bailout = no more Saturns? With the automaker deal pending, Saturn fans are concerned that GM will discontinue their line after the company performs a bailout reorganization. Although General Motors hasn’t officially announced the end of Saturn, GM said it would focus its resources on four core brands—Cadillac, Chevrolet, Buick and GMC in the plan submitted to Congress. This leaves Saab, Pontiac, Hummer and Saturn hanging on a limb. Saturnfans.com features owners who are speaking out to save their cars. Who knew Saturn had so many loyal fans?

Feeling a little fat during the holiday season? Well, you are not alone. Even the Queen of Daytime Television, Oprah Winfrey, feels like a “fat cow.” Oprah reveals her weight struggles after the scales topped 200 pounds reports CNN. Check out the video.

What does the President-elect say about Illinois Governor Rod Blagojevich arrest? According to Barack Obama’s spokesperson, Obama thinks the Governor should resign from office.  “The President-elect agrees with Lt. Governor Quinn and many others that under the current circumstances it is difficult for the Governor to effectively do his job and serve the people of Illinois,” spokesman Robert Gibbs said.  Will Blagojevich please step down?

Daily News Roundup: Barack’s Big Plan

Monday, December 8th, 2008

Obama unveiled the biggest public works program since the federal interstate system in the 1950s. Lawmakers have proposed spending between $400 million and $1 trillion on programs designed to green buildings, repair highways, renovate schools, expand high-speed Internet access in underserved areas, and giving hospitals electronic access to medical records. Obama has warned that with a sagging economy things are going to get worse before they get better. Yesterday he spoke to Tom Brokaw on “Meet the Press”—read the transcript.

Automakers could get a $15 billion by next week, but with strings. Lawmakers are preparing legislation that would create a seven-member board composed of Cabinet members and a Bush-appointed chair. The board would oversee the restructuring of the Big Three (GM, Ford, and Chrysler) and would hold them accountable for every transaction more than $25 million.

Congress will soon be welcoming its first Vietnamese-American. Nine-term Louisiana incumbent William Jefferson lost his seat to Republican Anh Cao (pronounced “Gow”) in a surprise upset. The election had been delayed because of Hurricane Gustav. Jefferson had been indicted for corruption charges, though the same happened to Cao last year and he’s still awaiting a date for his trial. One observer noted that New Orleans voters “don’t generally turn out candidates with ethics problems.”

The alleged 9/11 plotters have offered to confess, but the military judge won’t accept any guilty pleas until they’ve had time to go through formal proceedings. Some believe the move was a last-ditch effort by the Guantanamo detainees to challenge the current system by martyring themselves before the incoming President acts to shut down the military commissions altogether. The mother of one 9/11 victim approved of the court’s decision to proceed cautiously.

Now Kanye West’s cousin is under investigation in the death of the rapper’s mother. After undergoing a five-and-a-half hour cosmetic surgery last year, Donda West received home care from her nephew, Stephan Scoggins, a registered nurse. Scoggins apparently stayed with her overnight after the surgery but left the next day when she seemed to be doing well. He intended to return again the second night, but a friend found her without a pulse in the evening. If the California Board of Registered Nursing finds Scoggins negligent, he could lose his nurse’s license.

Barbra Streisand, Morgan Freeman, George Jones, Twyla Tharp, and the Who’s Pete Townshend and Roger Daltrey received lifetime achievement awards in performance arts at the Kennedy Center over the weekend. Secretary of State Condoleezza Rice hosted a dinner on Saturday as part of the event, which CBS will broadcast on Dec. 30.

Daily News Report: America Loves Obama

Wednesday, December 3rd, 2008

Unlike President Bush whose approval ratings are dismal, President-elect Barack Obama has received high approval ratings for his transition to the White House. A recent USA Today/Gallop poll shows that 78% approve of his transition work. And Obama is picking up favor among Democrats, Republicans and Independents for his Secretary of State choice, Hillary Clinton (69% approval rate) and his decision to keep Robert Gates as the Secretary of Defense (a whopping 80% approval rate). Let’s see if these approvals maintain when they get in office.

And can you believe that a small county in Alabama created a Barack Obama holiday? Yes, it’s true. Alabama’s Perry County will observe the second Monday in November as “The Barack Obama Day.” The county’s offices will close and its 40 employees will have a paid holiday. According the article: “The sponsoring commissioner, Albert Turner Jr., said the holiday is meant to highlight the Democratic president-elect’s victory as a way to give people faith that difficult goals can be achieved.”

And more bad news for automakers… According to the Associated Press, General Motors’ sales dropped 41 percent in November and Ford’s sales also fell 31 percent last month. It appears that the U.S. automakers may need that bailout, after all. GM, Ford and Chrysler pleaded for more than $38 billion dollars of government assistance including loans Tuesday. The companies are now asking for more than the $25 billion they requested two weeks ago and state they don’t have a Plan B. An intervention of some sort is predicted based on House Speaker Pelosi recent remarks.

American car companies are not alone in their financial worries. Toyota and Honda also saw their sales plunge in November, 34 and 32 percent, respectively. With the economy in a recession and consumer confidence in the tank, it’s no wonder people aren’t buying cars—even with crazy low gas prices which hit a three-year low Tuesday.  And Chrysler’s CEO is warning that an automaker industry failure could send the country into the dreaded D-word: a depression.

One Bush leaving Capitol Hill and another one coming in? Possibly. Jeb Bush, the former Florida governor and younger brother of Pres. Bush, is considering running for Republican Mel Martinez’ Senate Seat, according to an email exchange between Bush and Politico. Martinez said he will not seek reelection on Tuesday.