: Did anyone catch what the idot CEO of GM said????????

06-08-11, 05:44 PM
General Motors CEO Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes.

In an interview published in Tuesday's Detroit News, Akerson floated the idea of a $1 a gallon increase in the gas tax as a way to encourage buyers to purchase smaller, more fuel efficient cars. Greg Martin, spokesman for GM's Washington office, confirmed that the quotes reflect Akerson's and GM's view.

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General Motors Corp. Akerson said he would support a jump in the gas tax if it came instead of tighter fuel economy regulations that GM and other automakers will have to meet in coming years. By the year 2025, automakers could be forced to hit fuel economy averages of as much as 62 mpg.

Akerson said that a higher gas tax, including an immediate 50-cent-a-gallon increase to take advantage of recent declines in gas prices, would probably make some of his Republican friends "puke." But he said it would do more to help the environment than the pending fuel economy rules.

"There ought to be a discussion on the cost versus the benefits," Akerson told the paper. "What we are going to do is tax production here, and that will cost us jobs."

Martin acknowledged such a gas tax hike would be very difficult, if not impossible, to pass, and added that GM is not going to actively push for a gas tax hike as part of its legislative agenda.

"As a company we understand that's a decision that resides with Congress and policymakers," he said.

The current federal gas tax is only 18.4 cents a gallon.

GM has gained U.S. market share so far this year, even in the face of rising gas prices. It has the best selling compact car in the country, the Chevrolet Cruze, which was introduced to showrooms in November. At his first annual meeting since the company's initial public offering, Akerson told shareholders GM has been able to weather the storm of high oil prices even better than it expected when it was making contingency plans last year.

"I maintain these are the right vehicles at the right time in our history," he said.

Still, U.S. automakers have traditionally shuddered at the idea of high gas prices. That's because higher prices can lower the company's revenue and profitability since smaller, more fuel-efficient cars have lower sticker prices and profits for the automakers.

Higher pump prices can also slow the economy as a whole. Earlier this year Akerson told CNNMoney that if gas hit $4.50 a gallon, "you would probably see people stop visiting our showrooms."

But Paul Ballew, chief economist at insurer Nationwide who was formerly a director of sales analysis at GM, said it's always been clear within the auto industry that given the choice between tougher fuel economy standards and higher gas prices, the latter is a better deal for the automakers.

"They're not going to get it though, because that would take a lot of sanity in Washington and we're not going to see that," he said.

06-08-11, 06:24 PM
Does anyone have a link to this story? Or a youtube video?

06-08-11, 07:03 PM
That has to be the dumbest thing I've heard today. Are you kidding me... My grandfather must be rolling over in his grave... God rest his soul...

Lets recap here... GM is only still around because the taxpayers bailed out the dumb asses that ran that company into the ground. GM builds cars that for the better part of 40 years have sucked...(sure there were a few good ones here and there but for the most part they sucked, and yes I owned some (4) during those years) only recently have they made changes for the better (might have been a good idea to listen to John Delorean all those years ago). Now mind you we are still in a recession, unemployment is still at record high numbers, gas has again crested $4 bucks a gallon... $5 in some areas like Cali and DC, oh and the overall economy pretty much sucks.

Maybe stop paying people in the Auto Workers Union $80 bucks an hour to screw a fender on... that or maybe you're just a total moron and have no idea what its like to actually work for a living.

Hey GM we know your watching... tell you're boss that was not a very smart thing to say... there's a good chance he's going to lose business saying crap like that.

06-08-11, 07:42 PM
wow.....i don't know how else to respond lol

06-08-11, 08:32 PM
I will walk before I trade my v or escalade for a Prius

06-12-11, 08:34 AM
And to think he is the CEO...What a moron!!! Lets figure another way to accelerate our country into a tailspin. If the government had half a brain they would lower the unrealistic fuel mileage and emission goals that they have set for the industry. Most regulation creates strangulation. GM should be hugging the taxpayers for the bailout. The bondholders got screwed and the union won after taking down the entire auto industry. Can someone just wake up and kick someones ass??? Maybe time for GM to search for another CEO.

06-14-11, 10:26 AM
How about getting rid of that stupid 62 mpg BS congress put in and we won't have to talk about raising taxes on fuel. This enviro idiots are really letting China get ahead fast, they are just giving the USA away one regulation at a time. Why not just make oil illegal while China put 1 million more cars on the road every 2 months.

06-14-11, 04:37 PM
I think setting goals with incentives is great; setting regulations with penalties is not only destructive, it is Socialism!