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OBAMA MOTORS; President-elect's appointments signal change for the car world.(NEWS)
Byline: BOB GRITZINGER
When President-elect Barack Obama sets up shop in Washington, D.C., his appoint-ments to key posts governing energy and transportation will signal a substantial change in the automotive landscape.
Take Steven Chu, Obama's pick for the Energy Depart-ment, for instance. He's a Nobel laureate in physics who lives and breathes for cutting greenhouse gases with alternative- and renewableenergy options.
Chu's push for reduced carbon-dioxide emissions should translate into policies, such as fuel- or oil-price floors or minimums, that support efforts by automakers to make fuel-efficient vehicles. In addition, Chu is likely to align U.S. auto policy more closely with European rules, making it easier for carmakers to develop global vehicles.
"This administration is going to be really aggressive on renewable energy and climate change, and the cabinet appointments reflect that, said Eric Fedewa, vice president of powertrain forecasting for CSM Worldwide. "These are people who will really think through the issues from a scientific perspective.
While overall costs will probably ...
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Source: HighBeam Research, OBAMA MOTORS; President-elect's appointments signal change for the...