Both the Bush and Obama Administrations implemented tougher fuel efficiency standards for vehicles with the message that more stringent regulations will reduce carbon dioxide and save consumers money because they’ll be purchasing less gas. The Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) recently announced fleet-wide requirements …
The taxpayer-funded auto bailout was largely the result of a number of poor decisions made by General Motors and Chrysler. Along with the excessively high labor and legacy costs, Detroit’s dependence on big, non-fuel-efficient vehicles was its own doing and at one time, was a very profitable strategy. Detroit struggled …
