Color me bitter and cynical but … there’s people who didn’t know that? Everyone remembers the tobacco industry’s efforts at “science,” right? You think they were the only ones who did this?
Meanwhile over at GM (motto: “Remember when we mattered?”), Honcho Bob Lutz says government plans to raise fuel economy standards will “hand over” the truck and SUV markets to the Japanese.
So the argument is that the competition somehow cheated by making cars with better gas mileage when GM wasn’t?
Nor is this the only interesting moment of logic from Mr. L:
Would those be the same customers who bought 13% fewer GM and Ford cars and light trucks last month than they had a year earlier? Or would those be the customers who pushed Toyota’s December sales up 12% from the previous year?
Big American industry long ago stopped trying to build a better mousetrap, all they know how to do is lobby for laws and regulations that favour them. The rise of crony capitalism as it were, the companies with good political connections flourish, the rest don’t. Faced with genuine competition and good business, they can only whine about how unfair it all is. Tis a sad day, Henry Ford is spinning in his grave. JMO —Doug
They’ve been as weasel-like as Big Tobacco for a long time. Back in 1975, when it was the big 3 and CAFE standards were first put out, they had 10 years to do it. Only Chrysler did it; while GM and Ford threatened Reagan with moving all auto industry jobs out of the country if they had to follow the CAFE standards that they SIGNED UP ON. “Saint” Reagan caved, of course. Lee Iaccoca was ticked off, big time.