Papantonio: How American Automakers Failed On Electric Vehicles

Run time: 07:56 https://www.youtube.com/watch?v=K_tZuYwWR3I   Posted on YouTube: May 28, 2011 By YouTube Member: golefttv Views on YouTube: 0   Posted on DU: May 31, 2011 By DU Member: GoLeft TV Views on DU: 214

 
As gas prices quickly approach the five-dollar mark in parts of the country, American auto manufacturers are scrambling to get fuel-efficient vehicles out to consumers. These companies have been sitting on hybrid and electric vehicle technology for decades, but decided to continue to push gas guzzling SUVs on the American public until the current crisis forced them to re-think their strategy. Had they addressed the problem years ago, they wouldn’t have had to beg Congress for bailouts a few years ago when companies like Toyota and Honda were raking in huge profits from their hybrid vehicles. Mike Papantonio talks about how this happened with Seth Fletcher, author of the new book “Bottled Lightning.”