Thursday, March 29, 2007

U.S. Auto Chiefs Ask Bush for Incentives on Biofuels

U.S. Auto Chiefs Ask Bush for Incentives on Biofuels

By Gopal Ratnam, Bloomberg

March 26 (Bloomberg) -- U.S. automakers' chief executive officers urged President George W. Bush to back incentives to bring ethanol and biodiesel to more pumps as the companies boost output of so-called flex-fuel vehicles.

Half the vehicles made by General Motors Corp., Ford Motor Co., and DaimlerChrysler AG's Chrysler by 2012 could be able to run on biodiesel or E85, a blend of 85 percent ethanol and 15 percent gasoline, the CEOs said in a statement.

Read the full news report from here @ Bloomberg

Labels: , , , , , , , ,


This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]