The Detroit Big Three CEOs met with President Bush at the White House this week.
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The last time they met was November 2006, when they discussed a wide range of issues. Monday’s meeting reportedly focused more on alternative fuels and advanced vehicle technologies, according to Automotive News.
President Bush has a target of reducing petrol consumption by 20% over the next 10 years through increased use of bio-fuels and increased fuel economy standards.
The Big Three told President Bush that they are aiming that around 50% of the vehicles they sell will be flex-fuel or capable of running on bio-diesel by 2012.
President Bush said: “Right now, most of our ethanol is made from corn. But the federal government is spending a lot of money to try to develop new technologies that will mean that ethanol could be made from wood chips or switch grass.”
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By GlobalDataBush has also proposed increasing fuel economy standards by as much as 4% a year, said Automotive News. The Big Three executives have called these proposals too tough in the past, but they were not discussed much in the meeting.
