The American auto industry is losing money hand over fist, so here comes the coup de grace,
Obama’s Order Is Likely to Tighten Auto Standards
President Obama directed federal regulators on Monday to move swiftly on an application by California and 13 other states to set strict limits on greenhouse gases from cars and trucks. He also ordered the Transportation Department to begin drawing up rules imposing higher fuel-economy standards on cars and light trucks.
While the unions are putting the squeeze on pensions and benefits, might as well hand them another weapon to use against the companies, since all production line changes need to be approved by the unions.
On top of it, the car companies are dependent on the bailout money so they have no choice other than go along.
Just paying for those nails on the coffin, I guess.