Cars and trucks represent only 20 percent of America’s annual carbon emissions, yet automakers are the only industry committed to reducing greenhouse gas emissions of new products by 30 percent in just five years. This reduction is the carbon equivalent of
eliminating 50 coal plants.
The EPA estimates that achieving this standard could cost automakers nearly $52 billion in research and development costs alone. Retooling, materials and manufacturing costs will also be substantial.
Already, automakers offer more than 150 new hybrids, all-electric and hydrogen fuel cell vehicles. Chrysler, Ford and GM alone are putting millions of flex fuel vehicles on the road each year.
DETROIT (WKZO) -- General Motors is donating 50-thousand dollars to Forgotten Harvest's "Help 4 Oklahoma" campaign.
Automakers, whose products were just as fragile as houses, schools and offices in the path of this week’s tornado, are pledging significant financial and vehicular aid to Moore, Okla.
So far, the Detroit Three, Honda, Volkswagen and Ally Financial have contributed more than $810,000 to relief efforts.
General Motors Co. said Wednesday that it will donate to the SAE Foundation the first production model of the 2014 Cadillac CTS Vsport, including a performance driving school package.