Automakers Claim New Fuel Standards Will Cost Jobs


Automakers had until July 1st to plead their case to the NHTSA overlords before the government agency set off to finalize the 2011-2015 CAFE standards. After hearing comments from Detroit automakers, Toyota, Daimler, and others, it seems that the new standards are going to have a sweeping effect on both consumers and auto industry employees. The Auto Alliance states that the cuts would hasten the exit of 82,000 jobs, cost $29 billion for consumers, and raise the cost of your favorite truck by $4,000 or more. The added cost of vehicles will also cut annual production by up to 850k units industry-wide.

Buy that? Me neither. Especially since the Bush administration has hidden the benefits of emission regulations, saving the country $2 TRILLION.

Of course, we could go the automakers' way...keep producing an inefficient engine requiring a diminishing resource for fuel and allow other countries to continue to beat us in technology and sales.

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