The domestic auto industry is in turmoil – Chrysler is in bankruptcy and will be closing hundreds of dealerships nationwide, there are reports that GM will be importing cars made in China, and Ford…well, Ford is doing okay (relatively speaking).

Congress is trying to find ways to help automakers and encourage their production of fuel efficient vehicles at the same time. The latest news is that automakers would receive pollution credits in exchange for making more fuel efficient vehicles. The proposal is part of the cap and trade plan being discussed in Congress.

Neil Roland of Automotive News reports, “The industry would get 3 percent of all free permits for their factories from 2012 to 2017, and 1 percent of such allowances after that through 2025, House Energy and Commerce Committee Chairman Henry Waxman said today in a statement.”

The cap and trade program is not without controversy here in the States. Regardless of what happens with the proposal, domestic automakers need to continue the trend towards a more fuel efficient lineup.

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