Struggling automakers will face billions in costs to produce greener cars under Obama's rulesLET'S RECAP:
President Barack Obama wants automakers to make greener cars at a time when General Motors and Chrysler are hanging by the thread of a massive government loan and auto sales have plummeted to their lowest levels in more than two decades.
Obama's plans could bring smaller cars, more hybrids and advanced fuel-saving technologies to showrooms, but car shoppers will probably pay more upfront because the new rules are expected to cost the hamstrung industry billions of dollars.
"The consumer needs to understand that they will see significant increases in the cost of vehicles," said Rebecca Lindland, an auto analyst for the consulting firm IHS Global Insight. Her firm estimated the upgrades could add $2,000 to $10,000 to the price of a vehicle.
- (1) IT WILL COST THE INDUSTRY BILLIONS IT DOESN'T HAVE;
- (2) IT WILL RAISE THE PRICE OF CARS -
- (3) WHICH MEANS THEY WILL SELL LESS OF THEM - WHICH MEANS THE ECO-BENEFITS ARE NIL.
OBAMA IS AN IDIOT.
WELL SAID.
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WILL BLOGROLL YA WHEN I CAN
The last time the government ordered a certain change, the catalytic converter, back in the late 1960s or early 1970s, disaster followed: poor gas mileage, no power to merge, expensive repairs, etc. And, of course, the sticker price of vehicles soared.
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