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EDITORIAL: A costly fight.
Jun. 5--Auto sales surged in May for Toyota and Honda, and sagged for General Motors, Ford and Chrysler. Asian carmakers' share of the U.S. market reached a record 40 percent. Is anybody surprised? With gasoline near $3 a gallon, sales of fuel-efficient cars such as Toyota's Corolla and Honda's Civic have been booming. And sluggish sales for big sport utility vehicles and pickups have been dragging down the Big Three. For years, the U.S. auto industry has led the charge against raising vehicle fuel-economy standards, and banked on bigger profit margins from ...
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