Friday, August 01, 2008

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.