Nissan shelled out $4M to lobby several legislations
The U.S. subsidiary of Nissan Motor Company shelled out a hefty amount of $3.9 million last year with hopes of changing the Congress’ legislations on the following matters: renewable fuels, trade, tax deduction, and fuel economy standards.
An official statement posted online by the public records division of the U.S. Senate confirmed that Nissan USA indeed used $2.1 million to fund the lobbying measures done during the third to the last quarter of 2007. The Japanese car company’s North American arm urged changes on trade issues that could likely affect the automaker’s status quo in America. Currency exchange-rate manipulation and anti-dumping were also part of the automaker’s campaign.
Last December, President George Bush gave the go signal on an energy bill that calls for automobile companies to improve fuel-economy standards to as much as 35 miles per gallon by 2020. Nissan USA also lobbied for this issue and spent an estimated amount of $1.9 million in the first two quarters of the previous year. Aside from the Congress, the car maker was also keen on affecting decisions of the Department of Commerce last year.
Source: Houston Chronicle.
