U.S. automakers are opposed to renewed efforts to significantly increase fuel economy standards for the first time in a quarter-century. They are willfully oblivious to their steady loss in market share to more efficient Toyota.
They may be the last three companies in the world who don’t understand the inevitable market trends — higher oil prices and growing concern over global warming — mean the successful car companies of the 21st century will be those who deliver the most fuel-efficient vehicle.
Kudos to Sen. Byron Dorgan (D-ND) for his blunt response to the car companies self-destructive myopia:
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