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Nissan’s Ghosn Seeks U.S. Government Support for Alternate Power

“There must be some kind of vision,” says CEO.

by on Nov.14, 2012

Government support for battery power and other alternatives is critical, says Nissan CEO Carlos Ghosn.

In the wake of the superstorm that swept through much of the Atlantic coast, there’s growing debate over the steps that must be taken to prevent similar disasters – with even some traditional skeptics now conceding their concerns about global warming.

For his part, Nissan CEO Carlos Ghosn believes “some kind of vision” about alternative vehicles must be included in any plans for the future.

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The continued dependence on oil for most of the world’s transportation needs “cannot continue,” Ghosn declared during a speech at the Wall Street Journal CEO forum in Washington, D.C.  “There are a lot of (alternative) technologies available,” he asserted.

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62 MPG Standard Could Add $10,000 to Cost of New Car

New study warns of sales collapse, loss of jobs.

by on Jun.15, 2011

To save fuel American motorists might have to spend heavily on new automotive technology, warns a new study.

With federal regulators studying the possibility of raising the Corporate Average Fuel Economy, or CAFE, standard to as much as 62 miles per gallon, a new study warns that such a move could increase the cost of the typical American automobile by as much as $10,000.

The report, by Ann Arbor, Michigan’s Center for Automotive Research, or CAR, also warns that annual automotive sales could tumble by as much as 5.5 million units, with motorists choosing to hang onto their existing vehicles longer rather than pay a steep price hike that will be difficult to make up in fuel cost savings.  In turn, said the CAR study, that could cost as many as 265,000 U.S. jobs.

“The risk,” warned the new report, “is serious.”

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But the new report is sharply contrasted by another study released this week which found that it might cost as little as $2,000 to adapt to a 62 mpg study, largely by adopting new technology to improve the time-tested internal combustion engine, rather than trying to switch to more advanced battery or hydrogen propulsion systems.

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