Poor Fuel Economy Standards Hurt GM, US

General Motors just posted its third largest loss in 100 years.

Their aggressive strategy of promoting large gas guzzlers turned out to be a losing bet.

As Toyota's fortunes continue to rise, though they are based in a country with some of the highest fuel economy standards in the world, one wonders what a little bit of governmental regulation could have done to preserve jobs and the economic force of General Motors in this country.

References:
http://www.bloomberg.com/apps/news?pid=20601087&sid=avNFZcLvn_5A&refer=home
http://environment.about.com/od/fossilfuels/a/lighttrucks_2.htm