Featuring prominently in the new energy plan from President Bush is a call for changes in the corporate average fuel efficiency (CAFE) standards that the Administration claims could reduce U.S. gasoline consumption by 5% over the next 10 years. Here are some of the reasons I’m not thrilled by that suggestion.
Category Archives: autos
Worrisome data on industrial production
Overshadowed by the euphoria over
Bernanke’s testimony last week was news that the Federal Reserve Board’s
index of industrial production fell
one-half percent in January.
GM and Ford down, Toyota and Nissan up
Stop me if you think you’ve heard this one before.
December auto sales
Auto sales data released today look just great, as long as your name is Toyota.
November auto sales
November U.S. light vehicle sales were 2.8% higher than last year. Sounds good, until you take a closer look.
Autos remain weak
Auto sales still a weak spot for the economy, but no big plunge yet.
Autos again taking a hit
The Big 3 U.S. automakers continue to get a little less big.
China roars into the automotive era
Guess who’s now the second-biggest market for new cars in the world?
Indications of slower growth
This week’s data paint a picture of slowing growth.
Strong first-quarter GDP growth
The expected strong 2006:Q1 GDP growth included encouraging numbers for investment and exports, and warranted a slight drop in the recession probability index.