Filed under: AutoblogGreen Exclusive, Legislation and Policy

We're from the government and we're here to help. Those words strike fear into the hearts of conservatives anywhere. Right now those words probably should be terrorizing those hoping for a loan deal for the Detroit automakers as well. Before and after Congress declined to provide quick passage to loan package until the carmakers put a forward a plan, many people wanted to attach strings to the deal requiring the three companies to transform their fleets with a green lineup.
To a large extent this was already in process before the situation turned into a full blown crisis this fall. Product plans at Ford and General Motors (nobody really knows what's happening at Chrysler) had already been completely revamped over the last 18 months as the price of fuel skyrocketed. Most of the future "gas guzzlers" had been canceled or put on hold while more efficient cars were fast tracked. The programs that were moving forward were meant to be both greener and profitable. All of this was being driven by the market, specifically high gas prices, not CAFE. So, what's a good proposal for Congress to implement? My thoughts are after the jump.
[Source: Detroit News]
Continue reading Congressional plan for green Detroit could be financially fatal
Congressional plan for green Detroit could be financially fatal originally appeared on AutoblogGreen on Sun, 30 Nov 2008 15:32:00 EST. Please see our terms for use of feeds.
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