Watch Morano on Fox News here.
Auto sales up on economy, tax refunds, cheap loans – USA Today: ‘Hybrids and electrified cars often flopped. Toyota’s Prius hybrid was off about 23%. GM’s Chevy Volt fell 35%. Honda Civic hybrid was down 37%. Nissan’s Leaf battery car was an exception, nearly tripling sales of a year earlier — now that the starting price is $2,000 less…The taste for SUVs remains strong. GM’s recently freshened Chevy Traverse, Buick Enclave and GMC Acadia all reported big gains. Ford’s Explorer had its best month since being redesigned in 2010. Mazda was saved from an ugly month by its CX-5 and CX-9 SUVs.
- Flashback: Watch Now: Climate Depot’s Morano on Fox News on fed tax dollars to electric cars: ‘The old adage about ‘Who killed the electric car?’ — while I think Energy Sec. Chu killed the electric car’
Morano on Tesla electric cars and CEO Elon Musk: ‘That is what we are finding, model after model, across the board, the consumers are not interested…Tesla reported sales 30% below expectations…Lost $660 million over 14 quarters…CEO Elon Musk is driven by fear of Co2, worrying that it will destroy large parts of the earth. He’s an ideologue. This guy is worth $2 billion.’
- Climate Depot’s report: Electric/Hybrid car industry loses power in the face of market reality and lack of consumer demand — Washington Post on Chevy Volt: ‘The basic theory— if you build them, customers will come — was a myth. And an expensive one, at that’