The current CEO, Dan Akerson recently sounded off in an interview with The Detroit News, portions of which will likely offend some readers.
Most notably Mr. Akerson called for a massive gas tax hike in the U.S. commenting, “You know what I’d rather have them do — this will make my Republican friends puke — as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas. People will start buying more Cruzes and they will start buying less Suburbans.”
Mr. Akerson argues a tax increase would be a better way to “protect the environment” and promote consumer fuel efficiency than direct increases the U.S. Corporate Average Fuel Economy (CAFE) regulations. The Obama administration and Congress are currently looking to extend increases in CAFE mandated fuel economy levels through 2025, with the current round of increases wrapping up in 2017.
Mr. Akerson suggested a tax of fifty cents on the dollar, which would make $4 USD/gallon gas cost $6 USD/gallon. This is slightly less than GM’s previous suggestion to tax gas to $8 USD/gallon.
Most notably Mr. Akerson called for a massive gas tax hike in the U.S. commenting, “You know what I’d rather have them do — this will make my Republican friends puke — as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas. People will start buying more Cruzes and they will start buying less Suburbans.”
talking like this, this idiot won’t be CEO much longer. If you just look at profit margins on the two cars he mentions - 45% on a suburban and less than 10% on a POS cruise. Customers, I mean lemmings, would have to buy about 20 cruises to one suburban to keep profits where this idiot can still collect his 9 million dollar salary.