Auto industry execs to visit Congress
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The heads of the domestic auto industry are pressing congressional leaders to revisit a plan to increase fuel efficiency standards that automakers say could hurt their industry.
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Chinese car maker Geely Automobile   Holdings Ltd. 0175.HK is considering whether to make cars in   the United States, its chairman and founder said on Thursday.
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House Democrats, emboldened to act on global warming, intend to push automakers at a hearing next week to accept higher fuel-economy standards.
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Executives and lobbyists from some  of America's richest and most influential companies are walking  the halls of Congress, buttonholing senators to argue for  strong patents to preserve U.S. innovation.
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The federal Securities Exchange Commission has asked General Motors, Ford and Navistar Corp., a maker of trucks and engines, to provide financial information about their pension and post-retirement healthcare plans.
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BMW chief Norbert Reithofer is due to look into alliances with parts makers and have more car production in the US.
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Current and former CEOs of three major U.S. financial institutions deeply involved in the widening subprime mortgage crisis were asked on Monday by a Congressional committee to testify at a hearing next month on their massive pay and severance packages.
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A group representing business travelers was expected to ask the US Congress on Tuesday to draft plans in the event that several major airlines are forced to liquidate.
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A summit between President Bush and the heads of the Big Three automakers has been pushed back until after the November election, despite an expected visit to the state by Bush this week and increasing pressure from critics who say the White House is ignoring the needs of the struggling industry.
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Vice President Dick Cheney on Wednesday urged the nation's top manufacturers to lobby Congress in what he says will be a difficult battle to extend trade promotion authority to President Bush.
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New fuel efficiency requirements  imposed by Congress will add, on average, $6,000 to the price  of GM vehicles sold in the United States, the automaker's vice  chairman and product chief said on Tuesday.
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WASHINGTON -- Confronted with congressional concerns about global warming, the leaders of the U.S. auto industry are highlighting their work to develop alternative vehicles and asserting that the burdens of climate change cannot fall to one industry alone.
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By ERICA WERNER  WASHINGTON - The Transportation Department acknowledged Tuesday encouraging members of Congress to weigh in with the EPA on California's request to implement global warming controls on automakers.
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Michigan Republicans are hoping to stage a presidential debate at the Detroit auto show two days before the Michigan primary featuring the top three GOP finishers from the New Hampshire primary and Iowa caucuses.
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The Transportation Department acknowledged Tuesday encouraging members of Congress to weigh in with the EPA on California's request to implement global warming controls on automakers.
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Insurance Commissioner Nonnie S. Burnes told state lawmakers yesterday that her proposed rules for auto insurance competition are drawing attention from companies interested in doing business here.
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Rob Lowe, who portrays a member of Congress on television, appeared before lawmakers Thursday and promoted tax credits for people who add a plug-in feature to hybrid cars and trucks.