GotDiesel?
Top Post Dawg
I almost posted this in the TDI vs. Insight thread, but thought it merited its own thread.
/snip
The Daily Auto Insider
Bush to Downshift Supercar Project
April 12, 2001
The Bush administration wants to cut funding for the Partnership for a New Generation of Vehicles by $39 million, or 28 percent, the Associated Press reported.
The partnership began in 1993 as a joint venture with General Motors, Ford, and DaimlerChrysler. The Clinton administration challenged the automakers to develop by 2004 production prototypes of a family-size sedan that got at least 80 miles per gallon, the AP said.
The automakers invested $1 billion in the effort and each produced a vehicle that used combination electric-diesel engines, more aerodynamic designs, and lighter materials.
"We're redesigning that program," Energy Secretary Spencer Abraham said. "I think it will be more productive spending to focus on where the industry is headed."
The industry is focusing on fuel cells, which produce energy from a chemical reaction between hydrogen and oxygen, the AP said.
/end snip
According to Car and Driver's article (5/2001 issue) on the "supercars," Bush had indicated his support for the program and that it should continue to be funded at current levels--$233.4 million per annum. Total tax $ collected for the program so far: $1.7 billion.
Note: somebody's math is off because 39/233.4 = 16.7%
[ April 13, 2001: Message edited by: GotDiesel? ]
/snip
The Daily Auto Insider
Bush to Downshift Supercar Project
April 12, 2001
The Bush administration wants to cut funding for the Partnership for a New Generation of Vehicles by $39 million, or 28 percent, the Associated Press reported.
The partnership began in 1993 as a joint venture with General Motors, Ford, and DaimlerChrysler. The Clinton administration challenged the automakers to develop by 2004 production prototypes of a family-size sedan that got at least 80 miles per gallon, the AP said.
The automakers invested $1 billion in the effort and each produced a vehicle that used combination electric-diesel engines, more aerodynamic designs, and lighter materials.
"We're redesigning that program," Energy Secretary Spencer Abraham said. "I think it will be more productive spending to focus on where the industry is headed."
The industry is focusing on fuel cells, which produce energy from a chemical reaction between hydrogen and oxygen, the AP said.
/end snip
According to Car and Driver's article (5/2001 issue) on the "supercars," Bush had indicated his support for the program and that it should continue to be funded at current levels--$233.4 million per annum. Total tax $ collected for the program so far: $1.7 billion.
Note: somebody's math is off because 39/233.4 = 16.7%
[ April 13, 2001: Message edited by: GotDiesel? ]