xcel
10-08-2008, 01:19 AM
The Germans are none too happy with us these days. (http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20081008/OPINION03/810080350/1148/AUTO01)
http://www.cleanmpg.com/photos/data/501/2009_BMW_128i.jpgManny Lopez – Detroit News – Oct. 8, 2008
2009 BMW 128i – BMW’s most fuel efficient subcompact US automobile rated at a miserable 22 mpgUS combined.
Maybe if BMW and MB offered more fuel efficient sedans, they might have something to be ticked off about :rolleyes: -- Ed.
They're especially upset about the $25 billion in loans the U.S. government secured to help automakers build greener vehicles here.
Auto industry officials in Deutschland are calling the auto loan program a "distortion of competition" and bastardization of the free market, among other things. And in the purest sense, it is.
But the outrage is a bit overblown, if not completely misplaced. The loan program is hardly as protectionist as say, Germany's controlling stake in Volkswagen AG and the State of Lower Saxony's attempts to keep it that way. Or the mostly closed markets that exist in Japan and other Asian nations.
And the indignation about the auto loans is laughable when you consider how much German auto companies have gotten in tax breaks in the United States. BMW AG, for example, earlier this year got a $15 million grant from South Carolina for site improvements for its plant there and millions more in tax breaks over time. Tennessee is offering millions to Volkswagen for the plant it is building in Chattanooga… http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20081008/OPINION03/810080350/1148/AUTO01
http://www.cleanmpg.com/photos/data/501/2009_BMW_128i.jpgManny Lopez – Detroit News – Oct. 8, 2008
2009 BMW 128i – BMW’s most fuel efficient subcompact US automobile rated at a miserable 22 mpgUS combined.
Maybe if BMW and MB offered more fuel efficient sedans, they might have something to be ticked off about :rolleyes: -- Ed.
They're especially upset about the $25 billion in loans the U.S. government secured to help automakers build greener vehicles here.
Auto industry officials in Deutschland are calling the auto loan program a "distortion of competition" and bastardization of the free market, among other things. And in the purest sense, it is.
But the outrage is a bit overblown, if not completely misplaced. The loan program is hardly as protectionist as say, Germany's controlling stake in Volkswagen AG and the State of Lower Saxony's attempts to keep it that way. Or the mostly closed markets that exist in Japan and other Asian nations.
And the indignation about the auto loans is laughable when you consider how much German auto companies have gotten in tax breaks in the United States. BMW AG, for example, earlier this year got a $15 million grant from South Carolina for site improvements for its plant there and millions more in tax breaks over time. Tennessee is offering millions to Volkswagen for the plant it is building in Chattanooga… http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20081008/OPINION03/810080350/1148/AUTO01
