Reuters reports that General Motors "is still losing as much as $49,000 on each Volt it builds." This is no shocker, but it should be an alarm to voters who think this president deserves another term. A little more than two weeks ago, the Obama administration released rules mandating a near-doubling of gas mileage standards for cars sold in the U.S. The mandate will not be met at no expense. The industry can't magically build fleets that average 54.5 miles per gallon by 2025 without steep cost increases just because politicians and bureaucrats demand that it does.
Tuesday, September 11, 2012
Unlike the Federal government, the Free Market demands you make a profit or you don't have a business.
Posted by traderrob at 8:17 AM