Sunday, January 25, 2009

Auto Industry on a New Path

Obama has made it clear that he is going to push issues he talked about during his campaign. Less than one week into the presidency he has already made it clear that auto emissions standards are going to rise. Instead of increasing the national standards which is very hard politically he is going to give the states federal power to regulate their own emission standards. This is actually a really good idea because it will essentially bring all the states up to a higher level because the production is done in specific factories. They are going to build the parts in mass which is more price efficient for the company. This means that most the new cars are going to have higher standards or at least until the old inventory is used. It will be interesting to see what states take the initiative on this. I'm sure Michigan won't be first in line!

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