07-02-2009, 08:20 AM
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#69
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Guru
Join Date: May 2002
Posts: 40,410
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I think I agree with this person.
http://online.wsj.com/article/SB124649332091983175.html
Quote:
Fuel Standards Are Killing GM
A higher gas tax is a better way to get green cars on the road.
By ALAN REYNOLDS
General Motors can survive bankruptcy far more easily than it can survive President Barack Obama's ambitious fuel economy standards, which mandate that all new new vehicles average 35.5 miles per gallon by 2016.
The actual Corporate Average Fuel Economy (CAFE) results will depend on the mixture of fuel-thrifty and fuel-thirsty vehicles consumers choose to buy from each manufacturer -- not on what producers hope to sell. That means only those companies most successful in selling the smallest cars with the smallest engines will, in the future, be allowed to sell the more profitable larger pickups and SUVs and more powerful luxury and sports cars.
Sales of Toyota's Prius, Yaris, Corolla and Scion, for example, allow and encourage Toyota to market more Lexus 460s, Sequoia SUVs and Tundra pickups in the U.S. without incurring fines. Hyundai's success selling Accent and Elantra compacts allows it to sell 368-horsepower Genesis sedans.
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