GM chairman Richard Wagoner told shareholders that, by gum, GM is serious about developing an electric car but sees biofuel as the way to go once the federal gummint stops all that pesky regulation.
Clearly, this is a man Who Does Not Get It. Meanwhile, Japanese car makers dance circles around the crumbling once-great empire that was the Detroit automotive industry. Why? Because the Japanese are already selling the technology and cars that Detroit is just now wheezing about producing someday in the future, once they rouse themselves from their lethargy, that is.
But wait, there’s more, US carmakers tell Congress that fuel efficiency is just too darned expensive. Odd, that this hasn’t appeared to be a problem for Japanese car makers, now has it?