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Emergency - USA - Ford calls on Congress to act
Washington,DC,USA -The Hill News, by Jim Snyder -22 Nov 2005: -- Bill Ford, the chairman and CEO of Ford Motor Co., called on Congress and the White House to adopt a sweeping package of tax breaks to boost struggling American automakers and reduce the country's dependence on foreign oil... Ford's speech comes on the heels of more bleak news for the American auto industry. Ford's domestic rival General Motors announced this week that it would layoff 30,000 employees. Ford said his company would announce its downsizing plan in January, and that it would include plant closings... and called on tax breaks for American manufacturers to encourage the retrofitting of old plants with the latest technologies. And he urged the government to create a larger market for fuel-efficient cars and trucks by purchasing only hybrids or other alternatively powered vehicles by 2010... But environmental groups will likely note one thing that's missing. The plan does not include an increase in corporate average fuel economy as one cooperative government-industry effort to cut fuel use. The auto industry continues to reject calls to increase CAFE standards as a way to cut gasoline use and thereby limit the amount of pollutants cars and trucks spew into the air... American automakers argue a higher CAFE would provide a market advantage to foreign automakers because their fleet of cars tend to be comprised of smaller, more fuel efficient vehicles...
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