The Boston Diaries

The ongoing saga of a programmer who doesn't live in Boston, nor does he even like Boston, but yet named his weblog/journal “The Boston Diaries.”

Go figure.

Sunday, January 04, 2009

But … but … but … it's Europe! And here I thought we were just the greedy ones …

The fuel-economy rules apply equally to foreign brands, of course, some of which also specialize in big, powerful vehicles. But they afford themselves an out. BMW paid $230 million in CAFE fines from 1983 to 2007 to avoid building small cars at a loss to please Washington. Volvo paid $56 million. Daimler paid $55 million.

Why don't the Big Three take this out? Explains the Government Accountability Office, because they fear the political repercussions of being tagged with “unlawful conduct.”

This year, Daimler paid one of the biggest CAFE fines ever, $30 million—or $118 per car, a pittance to Mercedes buyers. By dumping Chrysler, meanwhile, it avoided its share of an estimated $100 billion in unremunerative investments the Big Three will have to make to meet the new fuel-mileage rules.

Via Instapundit, Let Detroit Build Profitable Cars - WSJ.com

You don't say …

I really didn't realize that foreign car manufacturers paid the fines for selling gas guzzling cars in our market, but The Big Three™ didn't even bother to make marketable cars for fear of being called bad names.

I don't know what this says of The Big Three™, the foreign car manufacturers, or our own consumer driven demand for large cars …

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