Chrysler's Nardelli: High gas prices are a necessary evil

Tools

By Beth Boehne

Story Created: May 3, 2008 at 6:29 PM EDT

Story Updated: May 3, 2008 at 6:29 PM EDT

DETROIT (AP) — Chrysler LLC Chairman and CEO Bob Nardelli says the nation needs high gas prices to encourage consumers to buy fuel-efficient vehicles that the federal government has mandated automakers build.

Nardelli spoke out against a proposal, promoted by presidential candidates John McCain and Hillary Clinton, to suspend the 18.4 cents a gallon federal excise tax on gasoline.

Nardelli tells the Detroit Free Press for an online story published Thursday evening that while he empathizes with the pain higher gas prices causes consumers, the nation must have an energy policy that is aligned with the country's larger goals.

He also said offering a federal incentive for consumers who buy fuel-efficient vehicles built in the United States might help boost the sagging U.S. economy.

___

Information from: Detroit Free Press, http://www.freep.com

Add a comment

Name:

Comment: 500 Characters Left

Comments are moderated and will not appear on this story until after they have been reviewed and deemed appropriate for posting.

WSBT and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

Most Popular

WSBT Weather

icon
69
°
More Weather

On Demand

More On Demand

Stock Quotes
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Tonight On WSBTFull Schedule

7.30
Jeopardy!
8.00
Numb3rs
9.00
CSI: NY
10.00
48 Hours Mystery
11.00
WSBT News
11.35
CSI: Miami
12.35
CSI: Miami

Question of The Day

Who is going to win the Super Bowl 2007 rematch?

  • Bears
  • Colts

Most Popular