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I knew when he said the bailouts of the auto industry were successful, that that had to be a lie.
The only close to innovation out of Detroit recently is the Volt, and that's been a flop.
I think what's been a drain on the auto industry is all the regulations required in vehicles. In the 70s and 80s, the market was full of bare-bones car that sipped fuel and sold for cheap.
Now we have glorified golf carts selling at $15k
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