“Central planning doesn’t work for cars or insurance,” says Investors Business Daily.
IBD editorializes,
…When the Toyota Prius was being accused of having overlooked design flaws that were causing accelerators to get stuck with fatal results, the owners of Government Motors, a competitor, wasted little time pushing for a recall and congressional hearings while accusing Toyota of cutting corners for the sake of corporate profits.
We wonder if the same sense of urgency will prevail in the wake of new safety tests indicating that an earlier test in which a Chevy Volt experienced a battery fire three weeks after a side-impact test was no fluke and that the car’s lithium-ion battery poses a fire hazard…