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But it wasn't fully a Toyota decision: Toyota's partner in the plant, General Motors, elected to pull out last June, leaving the plant unprofitable, Toyota says. "After the decision by General Motors to withdraw from the NUMMI joint venture, Toyota conducted a thorough review of its alternatives in...
In the closing days of Cash for Clunkers, car dealers were turning buyers away, the government website crashed trying to keep up with the paperwork, and even the purple cars were selling. So, what does it tell us about our national character when the most popular government program in years...
Of course, critics are right that the program will probably drive up the price of used cars for poor people who need them and will have only a marginal effect on the long-term prospects of the auto industry. Subsidies don't so much increase demand as kidnap it, inspire...
But all that misses the point. The goal of the policy was only incidentally to sell more cars or scrub the air. It was mainly aimed at reviving our animal spirits. We'll know, when the history of the Great Recession is written, whether this summer brought the turning point...
The drive toward development cannot be denied-after the demise of Maoist ideology, growth is the key base of legitimacy for the ruling Communist Party. But it can be harnessed and made compatible with environmental protection. In the words of Shanghai-based environmental lawyer Charles R. McElwee, "the old-fashioned...