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Government Investments In A Green Auto Industry
The auto industry in America took a big hit with the economic downturn and they now have a chance to rebuild the whole industry from suppliers to design and manufacturing. Last year, congress approved grants to auto companies to develop fuel-saving technologies like hybrids and biofuels. This year, Michigan Congressman Gary Peters introduced legislation that does more.
Gary Peters saw the opportunity to change the entire way cars and trucks were made, but since most companies involved in automobile manufacturing are struggling just to make payroll, the opportunity may be missed without additional help. What Peters suggested was offering an additional $3 billion in grants to truck makers, parts suppliers, and steel companies to help them develop green technologies as well. That way, the whole supply chain can be brought into the new millennium with cleaner, better, sustainable technologies.
The legislation was introduced and passed with a bi-partisan majority. Much of the support came from people that can never agree, but in this case, it just makes sense. Support was offered by the UAW, environmental groups, the US Chamber of Commerce, and the National Manufacturer’s Association. The bill will be introduced to the senate next, where there is already some support. If the senate approves, then the US auto-industry will be able to receive a green makeover at every level. Not only will the cars save gas, but they will also be made in greener ways and the country can once again lead the world in auto-making.
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