Wednesday, March 19, 2008

Chrysler Spent $7M Lobbying in 2007

Chrysler Spent $7 Million Lobbying Federal Government on Fuel Economy Standards, Emissions

NEW YORK (Associated Press) - Automaker Chrysler LLC spent $7 million to lobby the federal government in 2007.

The company lobbied on legislation dealing with fuel economy standards, tailpipe emissions, trade agreements and more.

The Auburn Hills, Mich.-based company spent nearly $4 million in the second half of the year on those issues, according to a disclosure form posted online Feb. 14 by the Senate's public records office.

The energy bill President Bush signed in December requires the auto industry to raise its fleet-wide fuel-economy average 40 percent to 35 miles per gallon by 2020. The increased standards could begin as soon as 2011.

Lawmakers are considering a number of proposals aimed at reducing the nation's emissions. Carbon dioxide, a byproduct from the burning of fossil fuels, is the main culprit of climate change.

Besides Congress, Chrysler lobbied the departments of Transportation, Energy and Commerce, as well as the White House and the U.S. Trade Representative's office.

German automaker DaimlerChrysler AG in August transferred an 80.1 percent stake in Chrysler to New York-based private equity firm Cerberus Capital Management in a $7.4 billion deal.

Lobbyists are required to disclose activities that could influence members of the executive and legislative branches, under a federal law enacted in 1995. Top of page

No comments: