leh

Wall Street Breakfast: Must-Know News

I had the same response to the big automakers self-created plight as Fitz--it's outrageous that the same companies that fought CAFE standards tooth and nail for years now come begging for loans to, yeah, you guessed it, make their cars more fuel efficient! Would love to know how many millions were spent over the years by the Big Three on lobbyists to fight these very standards they're now embracing out of economic necessity. Toyota OTOH had the street smarts and market prescience to develop the Prius over 10 years ago when crude was dirt cheap, while GM was crushing its EV1's and turning that same production line over to the then new Hummer line.