I believe our government should provide the big three with funds to help them more competitive. The Japanese government did with the Prius.
Did the Japanese Government Fund the Toyota Prius?
That someone is none other than James Press (pictured), now the vice-chairman and president of Chrysler. But, before that job, he spent 37 years at Toyota, and ended up running their United States operations and sitting on the Japanese car maker’s board of directors.
According to comments made by Press to Business Week magazine, the Prius development costs were paid for by the Japanese government, in their entirety. Press is quoted by BW as saying, “The Japanese government paid for 100 percent of the development of the battery and hybrid system that went into the Toyota Pirus.”
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