Perhaps more than any other comment, the one I hear the most from readers is "when are we gonna see cars and trucks with better mileage?" Typically those comments are followed by questions about hybrids, diesels, or sometimes even electric models. I bring this up because we are at a crossroads in the auto industry. On Friday, GM showed reporters a new engine it's developing that, in theory, will be 15% more fuel efficient.
Sales of new U.S. homes unexpectedly rose 2.8 percent to an 870,000 annual sales pacein July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday. Despite the surprising strength, some economists said the housing outlook remains grim.
Since I report so much on Rupert Murdoch and News Corp, it seemed only fair to report on his softer side. Despite that fact that Murdoch is known for pushing a conservative agenda in his media outlets, he's promoting what's traditionally been considered a liberal cause -- a campaign against global warming.
Ford CEO Alan Mulally's suggestion that higher fuel taxes might curb our country's gas consumption is one of those ideas that makes sense on paper, but in reality, likely won't happen. I know, some of you are gonna say, "wait a minute, they pay higher gas taxes in Europe. If it works there, Why can't it work here?"
Today on Capitol Hill, GM will renew the auto industry's push to convince lawmakers that fuel efficient vehicles are on the way. Problem is, it may do little to slow down the CAFE express in congress. For years, the auto lobby was the strongest in D.C. and, for the most part, effectively limited Congress from passing aggressive fuel efficiency standards. But this time around, Congress, fueled by the impact of high gas prices, isn't going along for the ride.
As a man who spent his teenage years tooling around in my parent's big Buick, I have to admit I have a soft spot in my heart for big sedans. Doesn't mean I want one now, but I do like the romantic appeal of a big ol' car. So when I heard Chrysler is scrapping plans to further develop its Imperial large sedan, it made me wonder: is the big car dead?