(Source: Autoblog; Photo: Benjamin Davidson@ Flickr)

Not surprisingly, officials from the Canadian and Ontario governments have followed the U.S. government’s leadby officially rejecting the restructuring plans of General Motors and Chrysler. The Canadian officials said the automakers’ current plans do not go far enough and will not be certified as they are. In fact, they’re basically copying and pasting the new deal for automakers announced by the U.S. government today, saying that GM has 60 days to redo its plan while receiving a portion of the C$3 billion it requested and Chrysler has 30 days to finalize its partnership with Fiat while receiving C$250 million of the C$1 billion it requested.  Click here read more.

(Source: Times of India)

Meeting stresses the need for dedicated infrastructure comprising separate facilities for cyclists.

MUMBAI: Why are bicycles, which don’t pollute, take up little space, are cheap and have virtually no maintenance cost, not a popular mode of  travel in Mumbai? According to activists and cycling enthusiasts, the reasons are a mindset that favours motorised vehicles and a lack of infrastructure to promote cycling in the city. 

These were the two chief issues discussed during a public meeting at the Carter Road amphitheatre, Bandra (W), to popularise cycling in the city to check pollution and reduce traffic congestion. The meeting, which generated a buzz in the vicinity, had several passersby joining in. Also among the participants were young professionals working in the IT industry and call centres. 

Biking enthusiasts and activists discussed the need for dedicated infrastructure comprising separate facilities for cyclists. This includes segregated lanes, bicycle parking stands at railway stations, shopping malls and public places, special signage and traffic signals for bicycles. 

Activists said dedicated infrastructure for bicycle riders would allow faster short-distance journeys (between one and six km), which might even be more effective than going by car. Added to this are the health benefits of cycling, they added. 

Activists Fawzan Javed and Colin Christopher, who initiated the move for the meeting, felt that starting a bicycle movement in Bandra would set a precedent for other suburbs to follow. 

Javed is an architect from Mumbai, while Christopher, a student at Columbia University, New York, is currently doing a stint with Pukar, an NGO. “Once the initiative takes off, it will grow and we will have less congestion and pollution on the roads,” said Javed. 

Javed, who has undertaken a project on the bicycle movement across the globe, said it was becoming popular in Asian cities and was already an established mode of transport in European cities. His idea is to have a bicycle lane network in Bandra to enable citizens to ride along freely. 

Click here to read the entire article.

(Source: AP)

The head of the Environmental Protection Agency wants to limit emissions along the nation’s coastline and within its seaports, just as the agency does along highways, with tougher pollution standards on large commercial ships.

 EPA Administrator Lisa Jackson said Monday that the United States and Canada have applied to the International Maritime Organization to create a 230-mile emissions control area around much of their coastline.

The move is intended to ensure the shipping industry does its part to improve the air quality of major seaport communities. Ships moving through the zone would be subject to the tougher emissions standards.

“This is an important and long overdue step to protect the air and water along our shores,” Jackson said, speaking in front of a row of cranes at a press conference in Port Newark.

Jackson estimated that 40 of the 100 largest U.S. ports are located in metropolitan areas that fail to meet federal air quality standards. One of them is the Port Newark facility, which is part of the Port of New York and New Jersey — the East Coast’s largest port complex.

The EPA estimates that 90 percent of the ships carrying cargo in and out of U.S. coastal ports are based in other countries.

Ships operating in the proposed zone would face stricter limits on the sulfur content of their fuel beginning in 2015, and new ships would be required to incorporate advanced emission-control technologies beginning in 2016, Jackson said. Sulfur content is directly related to the soot, or pollution, emitted after fuel is burned.

Image Courtesy: EPA - OGVs Are a Big Problem: US Ports and Nonattainment Areas

Jackson made the announcement at a news conference with the Coast Guard and other federal and state officials.   EPA estimates the new emission-control technology will cost shipping companies $3.2 billion. Jackson said that translates into an increased cost of about 3 cents for each pair of sneakers shipped into the United States.

Gov. Jon Corzine welcomed the proposal and recalled sending Jackson to Washington, D.C., to lobby for it when she headed New Jersey’s Department of Environmental Protection.

Mr. & Mrs. Wagoner- R.I.P (Relaxing in Propsperity)

(Source: ABC News)

(Relaxing in Prosperity)R.I.P Rick Wagoner – Gets $20Mil for losing tens of billions of dollars and tanking stock price from $60 (June 2000) to $1.27 (March 2009)

Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company’s financial filings show.

Although the Treasury Department has barred GM from paying severance toWagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.

The Obama administration asked for Wagoner to resign Sunday, as part of its restructuring of the auto industry. President Obama said this morning that forcing Wagoner out indicated it was a time for new leadership. 

Under Wagoner’s leadership, GM lost tens of billions of dollars, took billions in taxpayer-financed aid, and announced plans to cut 47,000 employees by the end of 2009.

Click here to read the entire article.  For those interested in reading Wagoner’s farewell e-mail, please visit The Truth About Cars.  

For those who care to know, here is what GM’s Executive Officer Severance Policy  looks like (Thanks, an0nymous poster @EVcast): 

General Motors executive officers are generally at-will employees who serve at the discretion of the Board. In early 2005, GM adopted a policy applicable to executive officers requiring stockholder approval of any severance benefits if: 
• The executive’s employment was terminated prior to retirement; and 
• The present value of the proposed severance benefits would exceed 2.99 times the sum of the executive’s annual base salary and target annual incentive. 

Note: TransportGooru wonders if this culture of execessively compensating under-performing, over-paid must-be-retired executives will ever come to an end?   If Mr. Wagoner has any iota of ethics that his alma mater (Harvard Business School) tries to inculcate in its wards, he must politely decline and walk away without taking a penny from this $20mil payout.

 (Source: Jalopnik)

(Source: Autoblog; Image: Doug Mills @ New York Times)

 

President Obama has just finished his press conference on the government’s determination of the viability of General Motors and Chrysler, and the gist is that both automakers have failed to convince the feds that their business plans deserve further investment. Obama and his task force will give GM enough working capital to survive another 60 days and prove its viability, though no dollar amount was given. Chrysler, meanwhile, is being given another 30 days and working capital up to $6 billion to finalize a partnership deal with Fiat. If a deal can’t be made and another partner is not found, Chrysler will get no more federal aid. Also, Fiat won’t be allowed to take a majority stake in Chrysler until the automaker repays all the money it has borrowed from the government so far. 

Perhaps the biggest news from the press conference is that the U.S. government will now fully back the warranties on vehicles sold by General Motors and Chrysler in the hopes that buyers will continue to consider their products amidst these tumultuous restructuring efforts. Also, the President has pledged to work with Congress to find funds to pay for a U.S.-version of the Cash for Clunkers program that has been so successful in Germany. 

BREAKING NEWS Report from WSJ: The Obama administration’s leading plan to fix General Motors Corp. and Chrysler LLC would use bankruptcy filings to purge the ailing companies of their biggest problems, including bondholder debt and retiree health-care costs, according to people familiar with the matter.

Click here to read the entire article.  Also, shown below is the PDF version of Restructuring Fact Sheet  compiled by The Truth About Cars.

(Source: Wired)

(Source: Telegraph, UK)

A complaint letter sent to Sir Richard Branson is considered by many to be the world’s funniest passenger complaint letter.

REF: Mumbai to Heathrow 7th December 2008

I love the Virgin brand, I really do which is why I continue to use it despite a series of unfortunate incidents over the last few years. This latest incident takes the biscuit.

Ironically, by the end of the flight I would have gladly paid over a thousand rupees for a single biscuit following the culinary journey of hell I was subjected to at thehands of your corporation.

Look at this Richard. Just look at it: [see image 1, above].

I imagine the same questions are racing through your brilliant mind as were racing through mine on that fateful day. What is this? Why have I been given it? What have I done to deserve this? And, which one is the starter, which one is the desert?

You don’t get to a position like yours Richard with anything less than a generous sprinkling of observational power so I KNOW you will have spotted the tomato next to the two yellow shafts of sponge on the left. Yes, it’s next to the sponge shaft without the green paste. That’s got to be the clue hasn’t it. No sane person would serve a desert with a tomato would they. Well answer me this Richard, what sort of animal would serve a desert with peas in: [see image 2, above].

I know it looks like a baaji but it’s in custard Richard, custard. It must be the pudding. Well you’ll be fascinated to hear that it wasn’t custard. It was a sour gel with a clear oil on top. It’s only redeeming feature was that it managed to be so alien to my palette that it took away the taste of the curry emanating from our miscellaneous central cuboid of beige matter. Perhaps the meal on the left might be the desert after all.

Anyway, this is all irrelevant at the moment. I was raised strictly but neatly by my parents and if they knew I had started desert before the main course, a sponge shaft would be the least of my worries. So lets peel back the tin-foil on the main dish and see what’s on offer.

I’ll try and explain how this felt. Imagine being a twelve year old boy Richard. Now imagine it’s Christmas morning and you’re sat their with your final present to open. It’s a big one, and you know what it is. It’s that Goodmans stereo you picked out the catalogue and wrote to Santa about.

(Source: The Transport Politic & Telegraph, UK)

With support from Tories and Labour, project construction is virtually guaranteed

The United Kingdom, despite its intense population concentration and relatively straight-shot connection between its biggest cities, has yet to invest in a major high-speed program, unlike its peers in France, Spain, and Germany. Beginning late last year, however, the Conservative Party, under leader David Cameron and shadow Transportation Minister Teresa Villiers, began pressuring the Labour-controlled government to begin planning a high-speed rail link between London and Manchester, via Birmingham, as a replacement for the planned third runway at Heathrow airport. Plans to route the line through the airport to allow easy connections to flights were incorporated into the proposal almost immediately.

Though in January Labour did approve the runway at Heathrow as a way to relieve the significant congestion there, the U.K.’s ruling party has come to see a high-speed rail program as politically advantageous – especially as Mr. Cameron’s party has risen in popularity in recent years. It’s not surprising, then, to see Lord Andrew Adonis, the nation’s Minister of State for Transport, endorsing the line’s approval by early next year, before the next general election. With support from both major parties, the line is unlikely to face major opposition – and will likely get government funding as soon as its route has been finalized.

The map above illustrates the general consensus on the routing of the full route (in red). Running northwest from London, the line would hit Birmingham and then Manchester, before heading north to Leeds, Edinburgh, and Glasgow. A spur line from Manchester to Liverpool is likely, and, if conservatives and engineering company Arup get their way, the line would be routed through Heathrow Airport before extending north. Planning on the service has begun by a company called High Speed 2; the name is a reference to High Speed 1, the company that completed the Channel Tunnel Rail Link in 2007 (in black on the map above). High Speed 1 carries Eurostar trains from London to Paris and Brussels in 2h15 and 1h50, respectively, down 40 minutes from pre-construction travel times.

Click here to read the entire Transport Politic article.

 (Source:  CNNMoney.com Video: MSNBC via YouTube)

GM chief out in bailout shakeout

Rick Wagoner forced out of top spot as Obama administration moves to overhaul automaker.