Posts Tagged ‘american auto finance’
American Auto Finance
May 24th, 2005
Question: Should the US government lend more than half a billion dollars to a foreign hybrid manufacturer?
http://online.wsj.com/article/SB125383160812639013.html?mod=wsj_share_digg
Gore clearly sees this as well-spent money to fight global warming. According to the Wall St. Journal he's already placed his order for one of these high priced luxury autos.
Is this helpful in the fight against 'global warming', or even wise considering the current economic crisis...or do you think the money would have been better spent financing American builders of far less expensive hybrids?
Dana: No, Gore's not the main reason I'm questioning the deal. It's because these new cars will be built in Finland, not the USA. There's the likelihood that cars will eventually be built in the US, but that's not certain.
Answer: No
The money would have been better spent on fleet vehicles power by battery and used by the governent.
Postal vans
small cars used by the military and the agencies, and the Park Service, etc.
Interchangeable batteries changed out on a fleet service basis is the way to bring the electric car into use, not the privileged class running individual cars with no hookups to charge them.
The richie richies will do the Tesla/Fiskar fad for 2 years then move on when they see how impractical it is for them.
The electric car movement will suffer a huge setback.
No probs with dropping a billion of electric cars, but why not do it right?
Is all policy made in Washington stupid?
Is it something in the water there?
American Auto Auction - Finance
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