Buy a Camry, not a Malibu : The US Government Shakedown of Possibly the World’s Greatest Car Company, Toyota

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Toyota just paid $1.1 billion to settle lawsuits alleging random acceleration problems in its cars. The allegations were, and are essentially false. But, Toyota paid out because it knew it had to, to move on. A giant speeding ticket to the government. (And Toyota wasn’t even speeding.)

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The Volt Costs Taxpayers “Hundreds of Thousands of Dollars” per Car

The Chevy Volt is a travesty. When I see one on the road my stomach turns. According to the Mackinac Center, we the taxpayer drop over 200K into each and every one of the vehicles.

Plus, the cars still have a tendency to ignite. According to the attached article the fire problem which became public late last year has not been resolved.

By the way GM at its current stock price still owes the American public about $30 billion.

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How Long Will it Take to Break Even With Your New Hybrid/Electric Vehicle? (Even With Government Subsidies)

Innovation is always good. It is one of the key elements of a capitalist economy. And innovation in vehicles is great. God bless the person who invented cruise control.

However in recent years government (in the name of innovation) has pushed car manufacturers to build vehicles that don’t quite fit the market.

Below is a chart showing how long it will take to break even, fuel wise, on the most popular “green” cars. I am actually pretty encouraged by some of the vehicles on the list.

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