Comments on: Going “Green” will Destroy Detroit http://www.contrarianprofits.com/articles/going-%e2%80%9cgreen%e2%80%9d-will-destroy-detroit/9843 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 18 May 2010 05:09:46 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Ken Ogawa http://www.contrarianprofits.com/articles/going-%e2%80%9cgreen%e2%80%9d-will-destroy-detroit/9843/comment-page-1#comment-8570 Ken Ogawa Sat, 13 Dec 2008 08:41:54 +0000 http://www.contrarianprofits.com/?p=9843#comment-8570 In regards to high MPG cars, it is currently extremely difficult for automakers to make any profit on them due to low gas prices. Case in point: Prius. Almost all analysts believe that Toyota is still taking a loss on each Prius it currently sells. U.S. Politicians who like to point fingers need to follow the European government’s model of imposing significant taxes on gas. The result? Fuel efficient cars that are purchased by European customers in volume, creating a viable business plan for automakers. Also, if you have any doubt to the effect that higher gas prices have on our willingness to purchase fuel efficient vehicles - when gas hit $4 earlier this year in the U.S., sales of trucks and SUVs fell off the cliff, including sales of the biggest gas guzzler that Toyota just introduced, the Tundra. All full-line auto manufacturers scrambled to retool their plants to meet demand of fuel-sippers. It is not helping that gas is now below $2. In regards to high MPG cars, it is currently extremely difficult for automakers to make any profit on them due to low gas prices. Case in point: Prius. Almost all analysts believe that Toyota is still taking a loss on each Prius it currently sells. U.S. Politicians who like to point fingers need to follow the European government’s model of imposing significant taxes on gas. The result? Fuel efficient cars that are purchased by European customers in volume, creating a viable business plan for automakers.

Also, if you have any doubt to the effect that higher gas prices have on our willingness to purchase fuel efficient vehicles – when gas hit $4 earlier this year in the U.S., sales of trucks and SUVs fell off the cliff, including sales of the biggest gas guzzler that Toyota just introduced, the Tundra. All full-line auto manufacturers scrambled to retool their plants to meet demand of fuel-sippers. It is not helping that gas is now below $2.

]]> By: MurrayOverdrive http://www.contrarianprofits.com/articles/going-%e2%80%9cgreen%e2%80%9d-will-destroy-detroit/9843/comment-page-1#comment-8354 MurrayOverdrive Wed, 10 Dec 2008 12:45:08 +0000 http://www.contrarianprofits.com/?p=9843#comment-8354 <a href="http://z.about.com/d/politicalhumor/1/0/a/V/2/going-green-tmwha081204.jpg" rel="nofollow">We're Trying to Go Green</a> (link) We're Trying to Go Green (link)

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