Monday, October 20, 2008

Are you worried about battery dependency?

The battery-powered EcoVoyager

Chrsyler CEO, Bob Nardelli, told CNBC TV this evening that "great synergies" existed for automotive industry consolidation because of the financial environment, but he would not discuss a possible merger with GM.

Nardelli also claimed that new CAFE standards had created a "tremendous financial burden" on the automaker, and that it was important that America didn't turn foreign oil dependence into dependence on foreign batteries.

While I'd rather be dependent on foreign batteries than foreign oil any day of the week, if Detroit had taken some leadership on hybrid cars, this would be a non-issue.

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