Showing posts with label auto industry. Show all posts
Showing posts with label auto industry. Show all posts

Salim Furth: Government Regulators Have Added At Least An Extra $3,800 To The Price Of Producing A New Car

The high cost of savings-government style.  When Congress and the Obama administration passed and implemented extremely strict fuel economy regulations, the Environmental Protection Agency (EPA) claimed that it would save consumers a few thousand dollars on gas and add only $948 to the price of a new car. Three teams of independent     ... MORE

John Stossel: Robot Cars

A safer way to travel.     The Tesla S is the closest thing to a totally driverless car available now. I had to leave my state to test-drive it. New York's archaic laws forbid taking both hands off the wheel. Once outside New York, the Tesla representative in the passenger seat had me turn on the autopilot. Suddenly, I was doing nothing. The car drove    ... MORE

Volkswagen’s Cheating Was Not Selfish But Self Destructive

by Jaana Woiceshyn.      Media coverage of Volkswagen’s astounding emissions-rigging scandal continues, for a good reason: the company’s (the executive’s who authorized the cheating and of all those who went along with it) immoral conduct led the company’s share price to fall by 35%, and the company can now expect $18 billion in fines as well as     ... MORE

Tesla Motors And The Folly Of Government Intervention

by A. Barton Hinkle.     Anyone searching for a case study to explain what is wrong with capitalism in America today can stop looking. We have the perfect specimen: Tesla Motors. Federal and state programs have conferred huge advantages to help the electric-vehicle company sell its cars — which state laws then make almost impossible to sell.     ... MORE

Eric Peters: Assault And GM's $30,000 Battery

You might be allotted 200 miles between rechargings.     The economy must be doing a lot better than all the wretched indexes (number of people no longer even trying to find work, number of people on the dole, etc.) indicate. Otherwise, GM would not have announced it is committed to developing a new electric car battery capable   ... MORE

Obama's Cap-And-Trade Scheme For Cars

by Rachael Slobodien.    Ever since the Senate rejected President Obama’s cap-and-trade scheme in 2009, his administration has been hard at work to find other ways to implement a radical, environmentalist agenda. Obama made these intentions clear at a press conference in 2010 when he explained, “Cap and trade was just one way of skinning   ... MORE

David Harsanyi: The Auto Bailout Failure Is Now Complete

Another big-time loser for taxpayers. You may recall that during the presidential election, the Treasury Department refused requests by General Motors to unload the government's stake in the giant automaker. Taxpayers had sunk $50 billion into a union bailout in 2009 and were now proud owners of 26.5 percent of the struggling    ... MORE

Matt Cover: Obama Bailout Claim Off By $24 Billion

Obama: "got back every dime."  CBO: lost $24 billion. President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system." According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout. “We got back every dime we used to rescue the financial system, but    ... MORE

Washington Times: Saving Gas, Wasting Lives

Costly consequences of the new fuel-efficiency standards. President Obama’s latest fuel-efficiency decree means consumers will have to turn in their SUVs and pickup trucks for tiny, European-style city cars within the next few years. It’s also likely to produce another, more costly consequence: a lot more death on America’s roads. Last month,  ... MORE

Steve Chapman: Obama's Auto Fairy Tale

Taking credit for every car sold since 2009. I'm a little hazy on the particulars, but as I understand things from the Democratic convention, a team of Navy SEALs landed in Detroit to save General Motors, and then autoworkers ran over Osama bin Laden repeatedly with a Chevy Volt. Or something like that. What was clear, regardless, is that the same   ... MORE

John Ransom: Another Obama Billion Dollar Green Loser

Chevy Volt jolts taxpayers in a big way.       This is getting redundant. If you want investment losses for tax purposes, Barack Obama is your guy. Now, if the country could only figure out how to write off the five trillion dollars we’ve lost during his presidency. As the man said: A billion here and a billion there, and pretty soon were talking about Barack ... MORE

Daniel Greenfield: Why You Will Never Buy A Car Again

Obama cars are coming. If you’ve been waiting around to buy a new car, better hurry up. If Obama gets his way, the only car you will be able to buy will be a small hybrid cube and will cost more than you can afford. The Obama administration has finalized new fuel economy rules that will require the fleet-wide average of new cars and trucks sold in ... MORE

A Government Of Unions, By Unions And For Unions

by Matt Patterson.    In 2009, the U.S. government bailed out the auto industry, ostensibly to save the livelihoods of thousands of Americans who work for automakers and their supporting companies. Sounds nice, except that this federal largesse was not distributed equally. In fact, some employees who were also members of the powerful, politically  ... MORE

Government-Subsided Automaker Recalls Hybrid Firetrap

by Becket Adams. Electric-car maker Fisker Automotive is recalling all of its $100,000 Karma sports sedans to fix cooling fans that can catch fire. The recall comes after Fisker and a private fire investigation firm finished probing an Aug. 10 fire in a Karma in Woodside, CalifIt was the second of its kindThe company said the probe found that the blaze started in   ... MORE

Amy Payne: Taxpayers' Auto Bailout Losses Mounting

UAW the winners, taxpayers the predictable losers. Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration.   ... MORE

Steve Conover: The Essential Lesson Of The Auto Bailout

Punishing success.    What do companies get when they act responsibly? Government-subsidized competition. On July 5 in the swing state of Ohio, President Obama treated voters to his campaign-2012 synopsis of the 2009 auto industry bailout: "When the American auto industry was on the brink of collapse and more than one million ... MORE