New Citi Research: How will U.S. Automakers Fare at 42 MPG by 2020

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WASHINGTON, D.C.///NEWS ADVISORY — If new Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) rules require automakers to achieve fleet fuel economy of at least 42 miles per gallon (MPG) by 2020, would U.S. automakers profit?  Would additional technology required for more fuel efficient vehicles affect the competitiveness of Detroit automakers with foreign automakers? And how will the market for electric vehicles develop under new regulations and policies? 

These and other key questions will be addressed during a 1 p.m. EDT telenews event on March 30th hosted by Ceres and the Investor Network on Climate Risk. Two new Citi research analyses, written by Citi Investment Research/Citigroup Global Markets primarily for their investor clients, project the industry impacts and opportunities of higher CAFE mileage standards and the growing electric vehicle industry.

The Citi analyses, produced in partnership with the Investor Network on Climate Risk coordinated by Ceres, are a research collaboration with longtime industry experts at The University of Michigan Transportation Research Institute, Baum and Associates, Meszler Engineering Services, the Rutgers University School of Planning and Public Policy and the Natural Resources Defense Council. 

News event speakers will be:

* Carol Lee Rawn, senior manager, Transportation Programs, Ceres;

* Walter McManus, economist, University of Michigan Transportation Research Institute (UMTRI) and director of the Automotive Analysis Group;

* Alan Baum, principal, Baum Associates, who has produced an annual forecast since 1990 providing long-range analysis of the automotive and medium- and heavy-duty truck markets;

* Dan Meszler, principal researcher, Meszler Engineering Services, who has over 25 years of experience and expertise in a wide range of energy and air quality issues, with particular emphasis on transportation sources; and

* Lily Donge, manager, Environment and Climate Change, Calvert Asset Management Company, Inc.

TO PARTICIPATE:  You can join this live, phone-based news conference (with full, two-way Q&A) at 1 p.m. EDT on March 30, 2011 by dialing 1 (877) 270-2148. Ask for the “higher MPG/auto industry profitability” news event.

CAN’T PARTICIPATE?:  A streaming audio replay of the news event will be available on the Web at http://www.ceres.org  as of 5 p.m. EDT on March 30, 2011. 

CONTACT:  Ailis Aaron Wolf, (703) 276-3265 or aawolf@hastingsgroup.com, or Steve Tripoli, (617) 247-0700, ext. 155 or tripoli@ceres.org.

Ceres is a national coalition of investors, environmental groups, and other public interest organizations working with companies to address sustainability challenges such as water scarcity and climate change. Ceres directs the Investor Network on Climate Risk, a North American network of institutional investors focused on addressing the financial risks and investment opportunities posed by climate change. INCR currently has more than 95 members with collective assets totaling more than $9 trillion.
 

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