Political Quotes

Joseph M. Martin: “They may have a preference not to invest in new technology and to keep selling the technology they have, but this will…”

On the recordMarch 6, 2018
They may have a preference not to invest in new technology and to keep selling the technology they have, but this will leave them vulnerable to oil price changes in the future.
Said by
Joseph M. Martin
Massachusetts

Editor's note · Context

Discussing the auto industry's resistance to fuel economy standards and its future vulnerabilities.

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Without strong standards the consumers won't see the benefits of improved efficiency and will remain vulnerable the next time oil prices go up.

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That is a very real risk. And I think what we saw before was that American automakers become less competitive when they allow their fleets to stagnate and don't invest in improving efficiency and reducing oil use.

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