Congress wants to force Detroit to move heavily into electric and hybrid production.Should congress run the Big Three? They are doing such a good job running the country. I have nothing against being "green." However, having companies sell more of a product they are losing money on is not a recipe for success. Companies make money by selling a product the consumer wants at a profit. Congress has no clue what it takes to make a profit. If they run low on money, they can just raise taxes or authorize more borrowing.
Why electric and hybrid cars won’t save Detroit
The Buffalo News / The Washington Post ^ | November 30, 2008 | Steven Mufson
Posted on Monday, December 01, 2008 12:19:37 AM by 2ndDivisionVet
Many members of Congress believe they know what the car company of the future should look like. “A business model based on gas — a gas-guzzling past — is unacceptable,” Sen. Charles E. Schumer, D-N.Y., said recently. “We need a business model based on cars of the future, and we already know what that future is: the plug-in hybrid electric car.”
But the car company Schumer and other lawmakers envision for the future could turn out to be a money-losing operation, not part of a “sustainable U. S. auto industry” that President-elect Barack Obama and most members of Congress say they want to create...