Great News for SYMW! Part of article on Ford news on yahoo, check it out!
House passes funding for green vehicle research
House votes to expand US government research on advanced technology vehicles
By Ken Thomas, Associated Press Writer On Wednesday September 16, 2009, 4:55 pm EDT Buzz up! 0 Print Companies: Ford Motor Co. WASHINGTON (AP) -- Targeting more federal money to support the auto industry, the House on Wednesday approved an expansion of U.S. government-led research into making cars and trucks more fuel-efficient.
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The House plan would allow the Energy Department to spend up to $200 million more each year on research and development for advanced-technology vehicles and auto parts. Lawmakers' aides said the additional $200 million would boost government-supported research in this area to around $550 million if Congress, as expected, funds the request later this year.
The measure passed on a 312-114 vote, attracting dozens of Republican votes, even though some party lawmakers questioned its cost.
Wednesday's House action represented the latest move by Congress and the Obama administration to aid the auto industry. The White House stepped in with billions of dollars to rescue General Motors and Chrysler and led the companies through bankruptcy, and Congress approved $25 billion last year to help the industry retool assembly plants to meet tougher fuel economy standards.
Congress also created a $3 billion Cash for Clunkers program of incentives that successfully spurred new car sales over the summer.
Fuel-efficient technology is in great demand because of higher gasoline prices and the expectation of tightening auto regulations. Administration officials on Tuesday released plans to raise the gas mileage standards to 35.5 miles per gallon by 2016 and link greenhouse gas emissions and fuel economy requirements.
Rep. Gary Peters, a Democrat from the auto-making state of Michigan who sponsored the green vehicle technology bill, said "there is no doubt that in the years ahead more Americans will be driving hybrids, plug-in hybrids, battery electric vehicles, and cars and trucks powered by hydrogen fuel cells."