Obama Fuel-Economy Rule Gives Sweeteners to Honda, Tesla

which last year complained that a proposed fuel-economy rule was unfair to non- U.S. automakers, got a boost when the final version added extra credits for sellers of natural gas-powered vehicles.
Honda, based in Tokyo, is the only automaker selling compressed natural gas-powered cars to U.S. drivers and will be able to use the credits to meet the fuel-economy standards. It’s one of the few changes made to a rule for 2017 to 2025 that was proposed in November 2011 and released in final form by President Barack Obama’s administration yesterday.
“Providing incentive credits for natural gas vehicles makes a great deal of sense under this regulation,” Edward Cohen, Honda vice president of government and industry relations, said in an e-mail yesterday. “A dedicated natural gas vehicle reduces CO2 emissions by 25 percent and petroleum consumption by 100 percent.”
The corporate average fuel economy, or CAFE, rule may cost the auto industry as much $136 billion to comply with, while saving consumers up to $451 billion in fuel costs, regulators from the U.S. Environmental Protection Agency and National Highway Traffic Safety Administration said in a briefing. They declined to be named because they weren’t authorized to be quoted about the rule.
Added Incentive
“With this added incentive from the government, Toyota, GM and other carmakers may follow and introduce cars that run on natural gas,” said Mitsushige Akino, who oversees about $500 million in assets at Tokyo-based Ichiyoshi Investment Management Co. “The market isn’t established yet, so it may not directly lead to a boost in sales, but being a leader may boost Honda’s share price.”
Honda fell 0.1 percent to 2,560 yen at 10:02 a.m. in Tokyo trading. The benchmark Nikkei 225 Stock Average advanced 0.2 percent.
The rule compels automakers to double the average fuel economy of passenger vehicles sold in the U.S. by 2025, through gradual increases in the rates at which they must improve mileage and reduce greenhouse gas emissions.
Honda, Japan’s third-largest carmaker, signed on to the rule’s framework after complaining in an e-mail that the plan, containing extra credits for hybrid pickup trucks made by U.S.- based automakers, “communicates favoritism and an unfair playing field to all market participants.”
2011 Negotiations
Obama’s administration and most global automakers agreed on the framework in July 2011 after private negotiations that Representative Darrell Issa, a California Republican, has characterized as improper.
The e-mail from Robert Bienenfeld, Honda senior manager for environment and energy strategy, to top officials at the EPA and NHTSA was disclosed in a report released earlier this month by the staff of the House Oversight and Government Reform Committee, led by Issa.
Providing extra credit for sales of natural gas vehicles may allow fuel cell-powered cars to become more common in the U.S., said an EPA official who wasn’t authorized to speak about the rule and declined to be named. Fuel cells operate on hydrogen, the universe’s most abundant element, which is available in high volume for industrial use by reforming natural gas or splitting water molecules using electricity.
Opt In
Small automakers such as Tesla Motors Inc. (TSLA) may benefit from another change written into the final rule that builds on a market California opened this year for sellers of zero-emission vehicles such as plug-ins or those powered by hydrogen.
While companies with fewer than 1,000 employees are exempt from the rule, the final version allows them to opt in. That would allow Palo Alto, California-based Tesla, which only makes plug-in electric vehicles, to sell any credits for exceeding the fuel-economy standards to companies that don’t meet their quotas.
Diarmuid O’Connell, Tesla’s vice president of corporate and business development, had no immediate comment.
Technologies that improve fuel efficiency and reduce emissions from gasoline- and diesel-powered internal-combustion engines will gain sales from the rule, said Roland Hwang, director of the Natural Resources Defense Council’s transportation program.
Gasoline Engines
Adding stop-start technology, which cuts power to engines when a vehicle is stopped; and continuously variable transmissions, or using lighter-weight materials, are ways automakers can meet the standards with traditional engines, he said in an interview.
“This is going to spur a lot of interest in lightweight materials,” Hwang said. “Aluminum, high-strength steel, magnesium, all of those composites. More technology means more jobs.”
Honeywell International Inc. (HON), which sells turbochargers to European automakers, expects to gain sales from the rule.
“In the U.S., we expect to see turbo penetration in light vehicle industry sales move from just more than 10 percent now to more than 20 percent by 2016 as manufacturers continue the process of downsizing and turbocharging to increase miles per gallon in all segments,” Tony Schultz, Honeywell Turbo Technologies Americas vice president, said in an e-mail.
Honeywell, based in Morris Township, New Jersey, plans to begin supplying turbochargers for vehicles sold in the U.S. to companies including Ford Motor Co. (F), General Motors Co. (GM), and Chrysler Group LLC “in the next few years,” he said.
$8,000 Savings
The Obama administration says that the rule announced yesterday, coupled with another fuel-economy improvement mandate for vehicles from model years 2012 to 2016, will reduce U.S. oil consumption by 12 billion barrels and lead to fuel savings of more than $8,000 by 2025 over the life of a vehicle. Boosting average fuel economy is part of Obama’s plan to reduce oil imports and use. Promoting purchases of more fuel-efficient vehicles can help reduce the use of fossil fuels.
The National Automobile Dealers Association said it’s concerned that vehicle price increases of about $3,000 from the two rules will price consumers out of the new-car market.
“If the consumer isn’t buying new cars, we’ve got the jalopy effect going that they’re going to keep the car they have and won’t be able to get to new things,” Bill Underriner, the McLean, Virginia-based group’s chairman and a Montana auto dealer, said in an interview. “It’s not going to help anybody.”
The fuel standards announced yesterday will add as much as $1,800 to the average cost of vehicles by 2025 and be more than offset by savings in fuel spending, EPA Administrator Lisa Jackson said yesterday on a phone call with reporters.
To contact the reporter on this story: Angela Greiling Keane in Washington at agreilingkea@bloomberg.net
To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net
Buy wine in Ortigas, Metro Manila, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points. Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. The best way to learn more about wine in the Philippines is to attend public wine tasting events that have no sponsors.

http://www.bloomberg.com/news/2012-08-28/obama-completes-54-5-mpg-fuel-economy-mandate-for-cars.html
Clark Wine Center was built in 2003 by Hong Kong-based Yats International Leisure Philippines to become the largest wine shop in Philippines supplying Asia’s wine lovers with fine vintage wines at attractive prices. Today, this wine shop in Clark Philippines offers over 2000 selections of fine wines from all major wine regions in the world. As a leading wine supplier in Philippines, Pampanga’s Clark Wine Center offers an incomparable breadth of vintages, wines from back vintages spanning over 50 years. Clark Wine Center is located in Pampanga Clark Freeport Zone adjacent to Angeles City, just 25 minutes from Subic and 45 minutes from Manila.

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Residents of Pampanga Angeles City, Subic, Tarlac and Clark Philippines know of this wine shop as one of the best places in Clark, a good night out place and simply the best place to hang out, enjoy some good wine with cheese on the roof deck with good atmosphere, or just relax and unwind with friends and family in a cool place. This wine shop in Clark Pampanga is recognized by many to be one of the best places to buy fine vintage wine in the Philippines. Located near Mimosa Leisure Estate surrounded by golf courses, resorts and a casino, this well known wine shop is frequently visited for its good selection of wine not available in Manila or Subic. Clark Wine Center is open 7 days a week from 10am to 8pm. Private dinners, wine tastings and group gatherings can be organized by advanced reservation.

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This is one of the frequently visited places for wine lovers from Manila and Angeles City to buy wines in Pampanga.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Yats Leisure Philippines

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023

Tel: 0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Road, Ortigas Centger,
Metro Manila, Philippines 1605

Tel: (632) 637-5019 0917-540-3626 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

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While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

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The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

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TRAILER TWO

Tourists and residents of Manila travel out of town to the north on a short getaway look for the best place in Clark to buy some fine vintage wine to bring home after their holidays and vacations. Many find a top rated wine shop called Clark Wine Center to be an exciting place to do some shopping in Clark Pampanga. This famous wine shop is highly recommended for visitors going to Clark Pampanga to drink good wine, relax and unwind with friends and families. Clark Wine Center is also lauded by wine and food lovers from Manila and tourists from abroad as the best place to buy wine in Pampanga.

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Tourists and visitors staying in Angeles City, Tarlac, Baguio, Subic and Pampanga sometimes wonder what are the things to do in Clark Philippines and Pampanga? Frequent visitors to Pampanga discover that it is fun to do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. One of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga.

Leading Philippines Wine Supplier Yats Wine Cellars, leading supplier of fine wines in Philippines with outlets in Angeles City, Subic Freeport and Manila Philippines has been not only a wine shop for fine wines covering all major wine regions but also a source of reliable and useful information about wine, wine appreciation, wine accessories, wine and health, food and wine pairing and all other matters relating to wine and its appreciation. This Philippines Clark Freeport based Wine Supplier and Wine Shop frequently holds public wine tasting events in Pampanga Clark Freeport Zone, Angeles City, Subic Bay area, Makati, Fort Bonifacio and other areas in Philippines capital city Manila. Private Wine events such as private wine tasting and private wine dinners are also designed and organized for private clientele for their wine loving guests.

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ats Wine Cellars Leading Wine Supplier in Philippines

Wine Catering is a unique product of Yats Wine Cellars, created back in 2005 in response to a growing demand for private wine parties in Manila, Cebu, Subic, Angeles Clark Philippines.

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Yats Wine Cellars can be reached at their Clark Wine Center Philippines wine shop located on the main highway M A Roxas of Pampanga Clark Freeport Zone or their sales office in Ortigas Centre, Metro Manila. Here is the contact information:

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center

Yats Leisure Philippines

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com

Buy wine in Pampanga, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points. Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. Leading Philippines wine supplier and wine importer Yats Wine Cellars frequently hold public wine tasting in Clark, Pampanga and Manila.