As we heard at Federal Mogul part quality has improved remarkably over the past few years as regulation has forced car companies to improve the efficiency of their vehichles. Car manufacturers have to meet fleet standard for fuel economy by 2025. Specifically their fleet needs to have an average fuel economy of 54.5 miles per gallon. Furthermore emissions legislation is continuing to come out and manufacturers have great incentives to lower emissions as much as possible now so they won’t have to worry about it so much in the future. What that means for part companies, especially on the engine and fuel side, is that that their market is not driven by quality and not price. While overregulation has hurt other parts of the industry the improvement in quality and technology is one great benefit from government regulation.