House passes funding for green vehicle research
– 2 hours ago
WASHINGTON — T
he House has approved an expansion of government-led research into how to make cars and trucks more fuel-efficient.
The House passed a bill Wednesday that would allow the Energy Department to spend up to $200 million more each year on research and development for advanced-technology vehicles and auto parts.
Aides said the additional $200 million would boost government-supported research in this area to around $550 million if Congress funds the request later this year.
The House vote represents the latest move by Congress and the Obama administration to aid the auto industry. The administration bailed out General Motors and Chrysler, and Congress approved a $25 billion energy loan program for the auto industry.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
WASHINGTON (AP) — Targeting more spending toward the auto industry, the House on Wednesday considered expanding government-led research into how to make cars more fuel-efficient.
The House was debating a bill that could allow the Energy Department to spend up to $200 million more per year on research and development for advanced-technology vehicles and auto parts. Aides said it could lead Congress to increase annual spending on the research to as much as $550 million.
It represents the latest move by Congress and the Obama administration to aid the auto industry. The White House stepped in with billions of dollars to rescue General Motors and Chrysler and lead the companies through bankruptcy last summer, and Congress approved $25 billion last year to help the industry retool assembly plants to meet tougher fuel economy standards.
UPDATE: Breaking News more here=
The Associated Press: House passes funding for green vehicle research
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