Ford, Toyota and other automakers say they want the Bush administration to take more aggressive action to cut US dependence on petroleum, the Wall Street Journal reported on Monday, according to Reuters.
As Hurricane Rita bore down last week on US Gulf Coast oil refineries, Ford chairman and chief executive William Clay Ford Jr. sent a letter to president George Bush asking for an energy summit involving automakers, suppliers, fuel providers, consumers and government officials, the newspaper reportedly said.
According to Reuters, it quoted Ford as saying a summit would focus on what the auto industry can do to find solutions for alternative fuel resources and that the recently signed $US17 billion energy bill “is only the beginning.”
Separately, the Journal reported that Jim Press, head of Toyota’s US operations, said he planned to go to Washington next month to lobby lawmakers to make energy independence an issue in the election campaign of 2008.
“We recognise the responsibility we have to come up with a solution to this economic problem,” Press was quoted as saying, according to Reuters. “As an industry, we should leave our individual companies’ bags outside the door to work together on this issue.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGeneral Motors’ Washington spokesman, Chris Preuss, reportedly told the newspaper GM welcomes calls by other automakers for more action on energy independence.
“We believe the U.S. needs to begin aggressive energy policy moves away from petroleum toward hydrogen,” Preuss was quoted as saying. “We should diversify our energy stocks away from foreign sources.”
According to Reuters, the newspaper said Ford’s call for an energy summit is another sign that the recent run-up in oil prices, and the post-Hurricane Katrina price spike that sent petrol prices above $US3 a gallon, are forcing a rethink of energy strategy, particularly at GM and Ford.
The news agency noted that the big Detroit car makers have long resisted proposals to increase government fuel-economy mandates for sport utility vehicles, pickup trucks and other light trucks, arguing that consumers would not want lighter, smaller, less powerful vehicles.