You wonder why your car costs as much as a house?
DETROIT (Reuters) - New fuel efficiency requirements imposed by Congress will add, on average, $6,000 to the price of GM vehicles sold in the United States, the automaker's vice chairman and product chief said on Tuesday.
Congress passed a new energy law in December 2007 that requires automakers to increase fuel economy across the industry to 35 miles per gallon by 2020 -- up 40 percent from current levels.
"We've done the research and it's going to cost us $4,000 on some vehicles and $10,000 on others, with an average of about $6,000," Bob Lutz told reporters at the North American International Auto Show.
"That cost will have to be passed on to consumers," Lutz, a long-time vocal critic of federal fuel regulations, said. More here:
DETROIT (Reuters) - New fuel efficiency requirements imposed by Congress will add, on average, $6,000 to the price of GM vehicles sold in the United States, the automaker's vice chairman and product chief said on Tuesday.
Congress passed a new energy law in December 2007 that requires automakers to increase fuel economy across the industry to 35 miles per gallon by 2020 -- up 40 percent from current levels.
"We've done the research and it's going to cost us $4,000 on some vehicles and $10,000 on others, with an average of about $6,000," Bob Lutz told reporters at the North American International Auto Show.
"That cost will have to be passed on to consumers," Lutz, a long-time vocal critic of federal fuel regulations, said. More here:
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1 comment:
**That cost will have to be passed on to consumers**
This phrase should be attached to every "corporate" tax increase, every "socially responsible" piece of legislation, and every f-ing coffee cup next to the "HOT LIQUID" warning. Wake up dumbasses!
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