The U.S. Environmental Protection Agency could soon issue a final ruling that aims to force oil companies to replace E10, gasoline mixed with 10 percent ethanol, with E15.
This move could come just as widespread support for ethanol, which is made from corn, appears to be eroding.
Mike Mitchell was once a true believer in ethanol as a homegrown solution to foreign oil imports. He owns gas stations, and he went further than most, installing expensive blender pumps that let customers choose E15, E20 and all the way up to E85.
The Ford Motor Company also announced its earnings yesterday, saying it had a pre-tax profit of $8 billion for 2012. And that gives union employees a reason to celebrate. They will each get a profit sharing check of $8,300 - a record high amount.
There's also some good news coming for General Motors workers, as Michigan Radio's Tracy Samilton reports.
After careening from back-to-back crises — recalls and the tsunami — Toyota is No. 1 in worldwide sales again. Toyota says it sold at least 9.7 million vehicles in 2012. General Motors reports it sold 9.3 million. Both companies say it doesn't really matter which one is in the top spot.
Ford Motor Company is changing the name of it Lincoln brand to the Lincoln Motor Company. Ford is also planning to sell the hybrid version of their flagship sedan, the new MKZ, for the same price as the gasoline version.
More than 20 state governors are taking an unusual step to boost the natural gas vehicle industry. Independent of the federal government, they're asking Detroit carmakers to build them a new kind of car: a midsize sedan that runs on compressed natural gas instead of gasoline.
The governors are hoping to boost demand for natural gas cars with their collective buying power. Combined, the states say they could ultimately buy thousands of CNG vehicles to replace their current vehicle fleets — if those cars were available.
Ford Motor Co. intends to prove that good things come in small packages — really small packages. The company has taken engine downsizing to a new level with its new three-cylinder EcoBoost engine, which has been introduced in Europe and is set to hit the U.S. market next year.
The EcoBoost offers more power than many conventional four-cylinder engines, with fuel economy numbers a hybrid could envy. Early fans are calling it a modern "little engine that could," and Ford is betting that American customers are ready to embrace a three-cylinder engine.
Now, today is an important day for more than 40,000 salaried retirees of General Motors. They're facing a major financial decision. This evening marks the deadline for accepting a pension buyout.
Michigan Radio's Tracy Samilton explains.
TRACY SAMILTON, BYLINE: The GM retirees have two choices: either take a lump-sum payment - which can range from 400,000 to $800,000 - or their pensions will be shifted from GM's books to the private insurance company Prudential.
As car companies struggle to meet growing demand, the third shift is making a comeback. But many factories running on three shifts are doing it differently from in the past. And that new "three crew" shift pattern could make what's normally a hard job even harder.
At Ford's Michigan Assembly Plant in Wayne, employees work 10-hour shifts four days a week. The so-called A crew gets days, while the B crew gets afternoons. But the C crew shift rotates its start time every week. On Fridays and Saturdays, workers start at 6:00 a.m. On Mondays and Tuesdays, they start at 4:30 p.m.