GM. F-150

Wed, 2008-09-03 07:17Richard Littlemore
Richard Littlemore's picture

"Green" funding for Ford: Why Government Shouldn't Pick Winners

The Canadian government of Prime Minister Stephen Harper is reported to be on the verge of giving $200 million from a “green initiatives fund” to Ford and General Motors - to help those failing companies continue to build really big (and increasingly unpopular) cars and trucks.

Ford, which lost $8.7 billion in the second-quarter of this year as its truck-dominated fleet crashed into oily reality, is advertising its latest Ontario production facility as “green” because it features a “more fuel-efficient V8 engine.” And Stephen Harper, in a pre-election vote-buying frenzy, is using taxpayers money to prop up this stupidity.

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