fuel economy

Auto Efficiency Screw-Up by US Automakers to Cost $30 Billion

Auto Efficiency Screw-Up by US Automakers to Cost $30 Billion

Detroit’s Big 3 automakers may finally be gearing up for the auto efficiency age.

Too bad it took so friggin’ long.

Last week, international consulting firm Global Insight, predicted that the Big 3 will have to pay over twice as much as Japan’s top three automakers to meet America’s interim fuel economy standard of 31.6 mpg by 2015.

About $30.6 billion compared with $14.85 billion. And General Motors alone will have to spend $15 billion.

It’s obvious why.

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