Chrysler group announced Wednesday that it was going green by joining
United States Climate Action Partnership (USCAP), a group of industries working to decrease greenhouse gases to combat global warming. It's part of Chrysler's overall attempt to reduce its products' fuel use and pollution output. One of USCAP's recent pushes has been to strongly support the proposed Corporate Average Fuel Economy (CAFE) changes that would force automakers' to increase their products' fuel efficiency.
But Cerberus, the private equity firm buying 80% of the carmaker, says the proposed CAFE changes would virtually kill Chrysler by forcing it to implement expensive new technologies which would price their cars out of the market. Cerberus is part of a huge lobbying effort on Capitol Hill opposing the new standards.
In response, Market Watch quotes Chrysler spokesperson Shawn Morgan as saying "we know there will be an (CAFE) increase and we support it -- we just need to make sure it's technically feasible."
