Volkswagen grabbed headlines with its diesel fakery but the German auto giant is not the only car company that deserves attention these days. As Breitbart notes, Tesla Motors “issued a voluntary worldwide recall to inspect every one of the 90,000 Model S cars the company has ever built.” This is the vehicle that, as…
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“The 2009 federal Cash for Clunkers program is often hailed as a success because it jump-started new-vehicle sales,” notes Kathleen Pender at sfgate.com, “but a new study says it actually cost car dealers $3 billion in lost revenue because its fuel-efficiency requirement caused people to buy cheaper cars than they would have otherwise.” The new…
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In early June the government sold 30 million shares of GM, a move doubtless timed with GM’s return to the S&P 500 index, a position the auto giant lost in 2009 when it filed for bankruptcy reorganization. But as Business Week noted, as of April 30 the federal government still held 241.6 million GM…
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In new analysis from the Mackinac Center, James Hohman discusses how $3 billion in federal and state funding for General Motors’ Chevy Volt, the much acclaimed “green,” plug-in, hybrid electric vehicle, is costing taxpayers $250,000 per car. As noted by Hohman, the Volt “might be the most government-supported car since the Trabant,” the car…
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