Sunday, March 12, 2017

Wait And See.

California State government recently passed tough clean air rules mandating that Auto-Makers sell only nonpolluting vehicles there. Nine other states have followed suit. This means that GM stands to lose $9,000 on every Chevrolet Bolt that leaves its showroom once the all electric sub-compact starts rolling out.

 So here we have a contradiction - a government has passed a law which makes it difficult for capitalists to make a profit. It will be interesting to see how this plays out.
 Steve and John

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