General Motors Says New Fuel Requirements Will Add $6,000 To Price Of Cars

Bob Lutz, GM’s vice president and product chief, told reporters this week that new federal guidelines that require 35mpg fuel efficiency by 2020 (yes, more than a decade from now) are so stringent that it will end up costing an average of $6,000 more per vehicle. “That cost will have to be passed on to consumers,” he then threatened. We can’t help but feel sorry for GM. After all, this whole “better fuel efficiency” topic was only brought up, what, like two or three months ago? And GM only has twelve years to find cost-effective (we’d say “innovative” but don’t want to put too much pressure on such a backwards, fearful company) ways to lighten cars and improve engines.

“We probably have to take a lot of weight out of the vehicles. We will have to use some premium materials like more aluminum, more magnesium,” Lutz said. “Which gets you the weight savings but drives the cost up.”

“GM says new fuel requirements to add $6,000 per car” [Reuters]
(Photo: Getty)