Autos:
Auto Alliance president discusses profitability of green vehicles, 'cash for clunkers' bill
With General Motors Corp. filing for bankruptcy last week and a new set of vehicle emissions standards coming out of the Obama administration, will the U.S. auto industry bounce back from the economic crisis by building a green fleet? During today's OnPoint, Dave McCurdy, president of the Alliance of Automobile Manufacturers and a former congressman from Oklahoma, discusses the challenges ahead for Detroit. He explains whether the "cash for clunkers" legislation that is making its way through the House and Senate will have any real benefits for U.S. industry. McCurdy also discusses how a gas tax may be beneficial to altering consumer habits.
