If Trump breaks California’s regulatory sway over national fuel economy standards, several car companies might have to eat massive losses.
President Trump’s ‘Buy American. Hire American’ is much like ‘fighting climate change’: a comforting government-prescribed solution that people embrace in theory but rarely practice.
Volkswagen’s bombshell admission that it cheated on US emissions testing has become the latest in a string of auto industry scandals driven by moral hazard.
GM knew about deadly faulty parts for years. So why did it wait until after the government sold all its shares to initiate vehicle recalls?
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