Auto Industry on a Very Slow Learning Curve!

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In the auto industry, thereโ€™s one thing you can always count on: if a new environmental or safety rule is proposed, executives will prophesy disaster.

From the Newย Yorker:

A few years later, when Congress was thinking about requiring fuel-economy standards, auto executives warned that instituting such standards would create ‘โ€œmassive financial and unemployment problems.’ And now, with Congress debating a bill to raise fuel-economy standards, for the first time in almost twenty years, the Chicken Littles are squawking again, forecasting doom for Detroit and asserting that making higher-mileage vehicles is technologically unfeasible and economicallyย suicidal.โ€

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