Today, the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies approved Fiscal Year 2009 legislation that provides $41.2 billion for the Federal-Aid Highway Program,$1.8 billion more than the President’s request and the same as the FY2008 level.
Most importantly, the bill transfers $8 billion from the General Fund to the Highway Trust Fund to ensure adequate resources are available to invest in highway infrastructure in 2009 at the levels assumed in the SAFETEA-LU law. The amount transferred is identical to the amount transferred out of the trust fund at the end of 1998.
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Toyota Said to plan US manufacturing changes
DETROIT (AP) - Toyota Motor Corp. is planning significant changes to its U.S. manufacturing plants because of the rapid market shift away from trucks and sport utility vehicles.
A Toyota official speaking Thursday to The Associated Press says the company plans to shut down a San Antonio plant that makes the Toyota Tundra pickup for three months to reduce inventory and stop making pickups in Princeton, Ind. The Indiana plant will start producing the Highlander SUV.
The official asked not to be identified because a formal announcement from the Japanese automaker wasn’t expected until later in the day.
Toyota also plans to start producing the Prius hybrid in the U.S. for the first time at a plant it’s building in Mississippi.