Toyota buyers will pay a premium to cover this extortion. Holder and Obama are hoping this will make GM products more attractive in relative terms. What they don’t understand is that Government Motors is being boycotted for ethical reasons, to a large extent by people who can’t be bought off for a hundred or so a vehicle. There is no such thing as a fine on business, just a fine on customers of a business.
Meanwhile, the investigation into GM ignition failures -estimated to have killed as many as 300 people - goes virtually unreported. GM knew about the defect, could have replaced the part for just a few dollars, but did no recall or announcement. Don’t expect to hear from Holder on that one!