Are you like me? Did you grow up dreaming of power, the open road and individual automotive freedom? Of course you did. But the dream is over. President Obama has smashed it into a million little Tata Nano-shaped pieces.
The new fuel economy and emissions regulations proposed by the Obamanation on Tuesday won’t save much fuel and won’t save the planet, but they will crush the life out of the car business. From here on out, cars are going to shrink in size, shrivel in power and grow more expensive.
With a goal of a corporate fleet average of 39 mpg for cars by 2016 model year it’s not just V8s that are dead, but V6s and decent-size fours. Of course all the SUVs and the Camaro, Mustang and Corvette as we know them are doomed, that’s obvious, but so are reasonably size minivans, midsize sedans like the Accord and Camry, and anything fun. Think …Â Details