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DuPont Chairman and CEO Chad Holliday spoke Tuesday at the Detroit Economic Club in Michigan.  Citing population growth as the fundamental driver in the new global economic reality, he said this is a unique time for transformation and called on the United States to improve its global competitiveness by setting specific goals and then driving to achieve them in definite timeframes. 

In his remarks, Chad called on the U.S. government to consider a Manhattan-style project for the 21st century that would deliver both a reduced dependence on oil and a cleaner energy future.  He called it the “Detroit Project,” a national program to develop a new, energy-efficient vehicle.  The new vehicle would be designed with the highest safety and environmentally responsible standards in mind with a goal of delivering vehicle designs that achieve 75 miles per gallon. 

Funding for the program could come from a U.S. savings bond program to stimulate U.S. personal savings and provide financing for U.S. infrastructure investments like the Detroit Project.  This savings bond program is an initiative suggested by the U.S. Council on Competitiveness, which Chad serves as its chairman.

"The Detroit Project would redeploy the best, most dedicated people to a project that would deliver in less than two years a critical factor in the successful rejuvenation of the U.S. economy," Chad said.  "DuPont would be interested in participating in a project like this, and we know other companies would join as well."

“If all of us with a stake in the auto industry join forces in a compelling way, we believe we can create a car of the future that could positively impact two things we care about today: the environment and the economy.”

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