YOUR FRIENDS' ACTIVITY

    GM spends $3.58M on federal lobbying in 1Q

    WASHINGTON (AP) — General Motors Co. more than doubled its first-quarter spending to lobby the federal government, laying out $3.58 million to influence legislators and the administration on tax credits for electric vehicles, safety and climate change regulations, free trade agreements and other issues.

    The Detroit company, which is making a comeback from its 2009 government-funded bankruptcy, is still 26.5 percent owned by the government, which is waiting to sell its remaining 500 million shares. The government got the stake by providing $49.5 billion in aid to save GM from the auction house.

    GM, which made $4.7 billion in net income last year and has seen its sales rise almost 19 percent this year, spent only $1.36 million on lobbying in the first quarter of last year, but that rose to $3 million in the fourth quarter. The first-quarter spending also was more than double the $1.67 million spent by Ford Motor Co., its closest rival.

    GM had a dozen lobbyists dealing with Congress, President Obama's office and federal agencies that included the National Highway Traffic Safety Administration; the Environmental Protection Agency; the U.S. Trade Representative; the Energy, Defense, Transportation and Commerce departments; and other parts of the government. The lobbyists also answered questions from Congress about GM's restructuring and facilities.

    GM lobbied Congress on distracted driving legislation, tax credits for electric vehicles, research funding for advanced vehicles, taxes on energy, funding for ethanol and renewable fuel research, free trade deals with Korea, Panama and Colombia, and funding for the federal Pension Benefit Guarantee Corp. It also lobbied the EPA on climate change legislation, the Defense Department on hydrogen fuel cell vehicle programs, and the Commerce Department on intellectual property protections.

    It also lobbied on a bill that makes automakers provide repair and diagnostic information to independent car repair shops, and a measure that would raise a cap on the number of electric vehicles each automaker can sell with $7,500 tax credit from 200,000 to 500,000.

    GM sells the Chevrolet Volt, an electric vehicle that can travel around 35 miles on battery power before a gas-powered generator kicks in to propel the car.

    The company is interested in pension funding because the Pension Benefit Guarantee Corp. has taken responsibility for $6.1 billion in pension payments from Delphi Corp., GM's former parts arm that was spun off in 1999. GM owned a stake in Delphi until Delphi bought it in March.

    GM also is interested in ethanol research because it sells cars that can run on the alternative fuel and it owns stakes in two companies that are working to develop ethanol from wood chips, waste paper sludge and municipal, agricultural and industrial waste.

    The company's spending was disclosed in a report filed with the House Clerk's office on April 20. Lobbyists are required to disclose activities that could influence members of the executive and legislative branches of government under a federal law enacted in 1995.

    Loading...
    • Why We Can't Forget That Oklahoma's Senators Voted Against Sandy Relief

      Nearly four months ago, Oklahoma Senators Tom Coburn and James Inhofe both voted against H.R.152, the Disaster Relief Appropriations Act that eventually sent $50.5 billion in relief to victims of Hurricane Sandy. And in the flurry of last night's devastation in Moore, Oklahoma. it was impossible not to forget that fact, knowing the federal government would soon rally to the cause.

    • BREAKING: Subway Just as Unhealthy as McDonald’s!

      If you watched the London Olympics last summer, you saw a parade of top athletes touting the nutritional qualities of their favorite eatery: Subway. Watching Apolo Ohno or Robert Griffin III bite into a veggie footlong with avocado or hearing that Subway is “the official training restaurant of athletes everywhere,” you might get the idea that the food served at the chain isn’t that bad for you—that it’s even healthy.

    • Judge: Hollister clothing unfriendly to disabled

      DENVER (AP) — A federal judge in Denver is contemplating an injunction against Abercrombie & Fitch Co. and J.M. Hollister LLC after ruling earlier that nearly 250 of their clothing stores that cater to a hip, young clientele are unfriendly to the disabled.

    • Sergio Garcia invites Tiger Woods over for fried chicken

      Well, the previously lame fight between Tiger Woods and Sergio Garcia just took one big “Anchorman”-sized step up a notch with a racially-charged remark from Garcia.

    • Dancing With The Stars: Kellie Pickler Talks Emotional Win

      Kellie Pickler might not have won her season of "American Idol," but the country singer was the best dancer to strut across the floor on Season 16 of "Dancing with the Stars" - something she was still in shock about when she chatted with Access Hollywood .

    • Republicans’ Hatred of Obama Blinds Them to Public Disinterest in Scandals

      Red-faced Republicans, circling and preparing to pounce on a second-term Democratic president they loathe, do not respect, and certainly do not fear. Sound familiar? Perhaps reminiscent of Bill Clinton’s second term, after the Monica Lewinsky story broke? During that time, Republicans became so consumed by their hatred of Clinton and their conviction that this event would bring him down that they convinced themselves the rest of the country was just as outraged by his behavior as they were. ...

    • 18-year-old’s invention can recharge a cell phone in 30 seconds

      A teenager from Saratoga, California took home one of the top prizes at the Intel International Science and Engineering Fair late last week after showing off her invention, which can fully charge a cell phone in 30 seconds or less. Eesha Khare was given the Intel Foundation Young Scientist Award and a $50,000 prize for being runner-up in the competition, which was won by a 19-year-old who unveiled a new spin on self-driving car technology. Khare’s battery technology requires a new component to be installed inside the phone battery itself, and Intel notes that it also has potential applications for car batteries.

    • Soccer-Real president under scrutiny after Mourinho exit

      (Corrects billion to million in fourth par) By Iain Rogers MADRID, May 21 (Reuters) - Florentino Perez's record as Real Madrid president was under scrutiny on Tuesday after the construction magnate's latest coaching project ended in disarray with the premature departure of Jose Mourinho. Perez, who is up for reelection next month, announced on Monday Mourinho would be leaving at the end of the season, three years before his contract expires. ...

    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance