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43-397: The Consulier GTP, conceived by Warren Mosler in 1985, was a 2,200 pounds (1,000 kg) mid-engined sports car built in two series. The first series sold about 70 copies and was powered by a Chrysler 2.2 I4 Turbo II engine producing 175 hp (130 kW). The second series made use of the improved Turbo III version of the same engine, which produced 190 hp (140 kW) and had

86-739: A Car of the Year , Car and Driver publishes its top ten picks each year in its Car and Driver 10Best . Car and Driver is home to the John Lingenfelter Memorial Trophy. This award is given annually at their Supercar Challenge . Currently, Car and Driver is also published in Germany, Switzerland, the United Kingdom, and Spain. The Spanish version just makes use of the Car and Driver name; no editorial direction

129-666: A PC game to Electronic Arts entitled Car and Driver . The game was in 3D, and the courses included racing circuits , an oval track, automobile route racing with traffic, a dragstrip , and an autocross circuit. The ten vehicles included the Porsche 959 , Ferrari F40 , Lotus Esprit , Eagle Talon , and the Ferrari 512 . In the 1970s, to celebrate the Interstate Highway System and to protest speed limits, reporter Brock Yates and editor Steve Smith conceived

172-451: A hedge fund , Illinois Income Investors, where he was responsible for several strategies utilizing government securities, mortgage backed securities, LIBOR swaps and LIBOR caps, and financial futures markets. By the late 1990s, most of the firm had been largely turned over to his partners, as he had disagreements on the direction of some of its investments. Warren's hedge fund was informed by his developing theories. After his departure at

215-481: A 12.3 second and 115 mph (185 km/h) sprint through the quarter mile. Top speed was 163 mph (262 km/h), limited by drag. Warren Mosler was so confident in the performance of the GTP that he offered a $ 25,000 bounty to anyone who could pilot a street-legal production car around any U.S. racetrack faster than his car. Car and Driver took up the challenge, racing a 1988 Consulier GTP Series I Sport against

258-451: A blog, an automotive buyer's guide (with AccuPayment, a price-calculating tool), and a social networking site called Backfires. As had occurred with other online auto magazines, Car and Driver first suspended its popular Backfires column in 2020; then, did make a partial effort in 2021 to continue with readers' comments, but eventually found, like the other magazines, the effort was too costly and often too divisive. Car and Driver Television

301-484: A few of the cars were produced as hybrids between the GTP, Intruder, and Raptor. Some were modified to accept longitudinal Chevrolet small-block V8 engines , which would eventually be used in the Intruder and Raptor. Two separate companies also modified the GTP and installed electric drive components; one of these, a company named Solar Electric, advertised their version in print ads featuring Leslie Nielsen and sold

344-407: A frequent contributor. Former editors include William Jeanes and David E. Davis, Jr. , the latter of whom led some employees to defect in 1985 to create Automobile . When CBS acquired Ziff Davis' consumer magazines in 1985, the company decided to keep both Car and Driver and existing CBS automobile magazine, Road & Track . Successive owners keep this arrangement. Rather than electing

387-465: A lecture about functional finance at Franklin the year before. In 2014 he became visiting professor at the University of Bergamo . He is attributed with creating Mosler's law dealing with fiscal policy of a nation during a recession. Specifically, Mosler's law states that "[...] no financial crisis [is] so deep that a sufficiently large fiscal adjustment cannot deal with it." He stated that

430-401: A negative and sarcastic light, where they ridiculed the borrowed car's lack of interior fit and finish and the three lighter plugs (failing to mention these were modifications made by the driving school), and compared the overall fit and finish negatively with a new Nissan 300ZX . They also claimed that Mosler defaulted on his promise. Supporting Mosler's position that the GTP should have won was

473-422: A production cost, therefore the government should fund for at least 90% of the cost paid by the firms. Finally, he supports issuing medical debit cards to all citizens, for a fixed amount. This covers any medical costs and any amount above this will be covered by "catastrophe insurance". At the end of every year, citizens would receive a portion of their unused medical debit card. In a brief proposal, Mosler stated

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516-573: A security system and car phone . Both versions had full instrumentation, in a plain flat-black panel, with eleven gauges in two sizes. The GTP was successful in IMSA racing for six years. Its excellent power to weight ratio, responsible for its success, effectively made the car unbeatable; the car was eventually saddled by IMSA with a 300-pound weight penalty before being banned entirely in 1991. Somewhere between 60 and 100 Consulier GTPs were built. After Consulier Industries spun off into Mosler Automotive,

559-645: A stock 1991 Chevrolet Corvette around the Chrysler proving grounds test track in Chelsea, Michigan . Arthur St. Antoine and Csaba Csere took three laps each in the Corvette and the GTP. They were able to obtain a best lap of 1:21.01 in the Corvette versus the GTP's best of 1:22.56. Reviewer St. Antoine opined that the GTP was "difficult to handle" with "anemic brakes". When Car and Driver confronted Mosler with these results prior to publication, Mosler noted that

602-652: A top speed of 155 mph (249 km/h). Most mechanical components were also sourced from Chrysler. The chassis was a unique fiberglass -and-foam monocoque , the first carbon fiber and Kevlar-bodied vehicle ever to go into production with no structural metal in the body. The GTP Sport was the base model, with the GTP LX adding luxury features such as Recaro seats, VDO instrumentation, Fittipaldi wheels, Alpine sound system, sunroof , leather upholstery, air conditioning, cruise control, power locks, power mirrors, power windows, tilt steering wheel, and wool carpet; options included

645-437: Is confident that inflation is a non-factor in his analysis given current procurement policy as long as there is sufficient excess capacity. In his theory the government has the complete ability to constantly expand net spending and guarantee consumption and growth. He supports unlimited FDIC deposit insurance for all bank deposits for US banks. He stresses that federal spending is in no way constrained by tax revenues, therefore

688-591: Is shared. China had an edition called 名车志 Car and Driver ( transl.  Quality Automotive Magazine "Car and Driver" ). The Middle Eastern edition is issued by ITP Publishing based in Dubai. The magazine was one of the first to be unabashedly critical of the American automakers. However, it has been quick to praise noteworthy efforts like the Ford Focus and Chevrolet Corvette . The magazine has been at

731-626: The Consulier GTP and the Mosler MT900 . Starting in 1985, his cars were marketed by startup company Consulier, later renamed Mosler Automotive . His models were marked by excellent performance and high speeds. Mosler was so confident about one of his models, the Consulier GTP, that he offered a bounty of $ 25,000 to anyone who could beat it in a race. Car and Driver took up the gauntlet and defeated his car. Mosler noted that

774-637: The New York Times described Warren as "transitioning into an active retirement". Warren currently lives full time in St. Croix in the U.S. Virgin Islands . Car and Driver Car and Driver ( CD or C/D ) is an American automotive enthusiast magazine first published in 1955. In 2006 its total circulation was 1.23 million. It is owned by Hearst Magazines , who purchased it from its prior owner Hachette Filipacchi Media U.S. in 2011. It

817-711: The U.S. Virgin Islands as an independent. Mosler attended the University of Connecticut where he graduated with a degree in economics. He initially went on to work at the Savings Bank of Manchester in Manchester, Connecticut in 1973. Next he went on to work in Hartford for Bache and Co. before moving to New York City . From there he would go on to work on Wall Street , specifically, Bankers Trust NYC, and then William Blair in Chicago. In 1982 he founded

860-579: The 1991 auto race in Lime Rock Park , with a Series II Consulier GTP. This car defeated Hurley Haywood's factory Porsche 911 Turbo, Boris Said's Callaway Twin Turbo Corvette , and Jim Minnaker's factory ZR1 Corvette ; the race would be the GTP's last before it was banned from the IMSA series. To further back up his statements, Mosler raised the challenge to $ 100,000, however no production car

903-406: The GTP before it the Intruder was also banned from Nelson Ledges after its dominating 1993–1994 performances. In 1996, a 450 hp (340 kW) Lingenfelter Intruder won Car and Driver magazine's One Lap of America . Of the four Intruders built, just one was sold. Another was converted into a GT1 racing car, while the remaining pair were converted into Raptors. In 1997, the Intruder

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946-411: The GTP, and agreed to pay the $ 25,000 if the GTP still didn't lap faster than the Corvette. Car and Driver refused, saying it might be faster because of the new driver. Mosler responded that they could use any driver they wanted for their car, but to have them drive the GTP and get paid if it lost due to a conflict of interest. Car and Driver subsequently published the Consulier GTP road test article in

989-622: The United States Congress; his last congressional race was in 2012. In 2014, Mosler ran for lieutenant governor of the U.S. Virgin Islands as an independent, but quit the race early due to a difference of opinion with his running mate Soraya Diase Coffelt . In 2018, he ran unsuccessfully for governor of the US Virgin Islands as an independent candidate, coming in fourth with 4.7% of the vote. Mosler developed several luxury sports cars and supercars , including

1032-411: The center of a few controversies based on this editorial direction, including the following: The magazine is widely known for an often irreverent tone, especially regarding cars it considers inferior. The magazine also frequently touches on politics. The editorial slant of the magazine is decidedly pro-automobile. Car and Driver operates a website that features articles (both original and from print),

1075-671: The consumption of undesirable goods. In February 2009, Mosler declared his candidacy with the Federal Elections Commission to run for the office of President of the United States as an independent. In April 2010, he withdrew to run for a U.S. Senate seat in Connecticut , briefly as a Democrat, but ultimately as an independent. In the final tally he received 0.98% of the vote. Mosler has run unsuccessfully three times for U.S. Virgin Islands delegate to

1118-598: The development of policy and explains what he deems "true" as proper alternatives. In recognition that his "leadership in the field of economics is notable" Mosler was awarded an honorary doctorate from Franklin University Switzerland in 2014, after the Mosler Economic Policy Center (a center founded by him and aimed at encouraging education and research in new concepts and methods of economic policy analysis) had promoted

1161-690: The end of 1997, Warren's former business lost money when several dealers refused to make payments on credit default swaps on Russian debt. Separately, Warren attributed the crisis to the fixed exchange rate Russia had at the time. Excited to share his various economic theories, Warren met economist Arthur Laffer through a referral from Donald Rumsfeld . At a meeting of Social Policy in NYC, William Vickrey suggested Warren to seek out post-Keynesian economists L. Randall Wray , Bill Mitchell , and Stephanie Kelton to discuss his ideas. These post-Keynesian economists had been familiar with chartalism , and recognized

1204-464: The energy crisis could be solved by lowering the speed limit nationally to 30 mph. According to Mosler, this would cut gasoline consumption and pollution since automobiles run more efficiently at slower speeds, while also greatly increase the demand for public transportation. He states that such an initiative would eventually lead to a supply shock forcing prices down, and improve real terms of trade. Mosler supports government purchases of houses in

1247-580: The foreclosure process from the bank at the lower of the fair market value or remaining mortgage balance. The government then would rent the house back to the original owner and after two years the house is put on the market with the original owner having the first rights of purchase. Mosler supports eliminating the income tax and replacing it with a real estate tax to "anchor the currency". He also supports eliminating tax advantages for any savings accounts, since he states savings do not increase investments necessarily. He supports luxury taxes being used to limit

1290-591: The founder of Mosler Automotive . Mosler is a proponent and research financier of post-Keynesian Modern Monetary Theory . He was awarded an honorary doctorate by the Franklin University Switzerland , and in 2014 was appointed Visiting Professor at the University of Bergamo , Italy. Mosler has run as an independent for multiple offices including: United States president , a delegate to Congress three times, and lieutenant governor. In 2018, he ran unsuccessfully for governor of

1333-826: The government will always be able to make payments in its own currency, stating "Federal Government checks don't bounce". He goes on to state that any and all debt passed on to future generations will never be burdensome, since they will undoubtedly consume whatever is produced. He developed much of his belief from his time as a hedge fund manager when many investors predicted the Italian government defaulting on bonds, whereas he predicted, correctly, that Italian government would not default and thus made considerable returns. Mosler supports government funding for full-time employment with full health care coverage for employees and dependents, thus triggering all firms providing health care to remain competitive. He states health cannot be viewed as

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1376-531: The idea of an unsanctioned, informal race across the country, replicating the 53.5-hour transcontinental drive made by car and bike pilot Erwin George "Cannonball" Baker in 1933. The New York to Los Angeles Cannonball Baker Sea-to-Shining-Sea Memorial Trophy Dash , later shortened to the "Cannonball Run", was staged in 1971, 1972, 1975 and 1979, with the race entries including both amateur drivers and professional racers, such as Dan Gurney (who with Brock Yates "won"

1419-557: The model used in the race was a worn-out Consulier and even so offered to pay if he was allowed to use his own driver and replace the brake pads. Car and Driver refused. Mosler subsequently offered the challenge once more for a higher bounty of $ 100,000 and held an event at Sebring where the Consulier again proved to be far quicker than any other road car. In the 1990s he developed environmentally friendly vehicles including both electric cars and composite-bodied automobiles. The company

1462-399: The recent recession could have been alleviated much quicker from a full payroll tax holiday that suspended FICA taxes (or massive government spending increases, depending on one's politics) until unemployment fell. He opposes overly high taxes since they discourage consumption within an economy but does agree a certain tax level is needed to guarantee citizens use the dollar as a currency. He

1505-433: The test car was three years old and worn out due to heavy use: the GTP obtained by Car and Driver was borrowed from a Track Time driver's school: it had worn tires and brake pads, no interior trim, and three cigarette lighters which were specially installed so Track Time could plug in their computer and portable radio equipment. Mosler offered to rerun the test using his company test driver and after installing new brake pads in

1548-705: The validity of Mosler's analysis. Laffer also his staff economist Mark McNary, who provided editorial and research assistance in Warren's self-published monograph , "Soft-Currency Economics". Academically, he is known for his writings on Modern Monetary Theory , an economic theory that describes the way fiat money is created and used in modern economies. His unorthodox views have gained a substantial following among participants in Internet discussion groups and academics. In 2010 he published Seven Deadly Innocent Frauds of Economic Policy outlining errors that can be made in

1591-472: The vehicles through Neiman Marcus . In 1993, Consulier Industries spun off their automotive division into Mosler Automotive, which focused on high-performance cars. Mosler introduced the Intruder, an updated GTP with a new 300 hp (220 kW) Corvette LT1 V8 engine modified by Lingenfelter . This car raced at the Longest Day of Nelson 24-hour race in 1993 and 1994, winning both years; like

1634-675: Was able to best the Series II Consulier GTP; it has been claimed that Chet Fillip bested the GTP, however he was in a modified RUF Porsche GT1 with racing slicks during his run at the Sebring International Raceway . Warren Mosler Warren Mosler (born September 18, 1949) is an American hedge fund executive and entrepreneur. He is a co-founder of the Center for Full Employment And Price Stability at University of Missouri-Kansas City and

1677-442: Was again modified by Lingenfelter, and the five-speed transaxle came from a Porsche 911 Turbo . The mechanical components were still sourced mainly from Chrysler as they had been since 1985: for example, the steering wheel came from a Chrysler minivan . The new split windshield caused visibility problems and blocked some of the air vents. The tested performance of the car included a 3.9 second run to 60 mph (97 km/h) and

1720-545: Was founded as Sports Cars Illustrated. The magazine is based in Ann Arbor, Michigan . Car and Driver was founded as Sports Cars Illustrated in 1955. In its early years, the magazine focused primarily on small, imported sports cars . In 1961, editor Karl Ludvigsen renamed the magazine Car and Driver to show a more general automotive focus. Car and Driver once featured Bruce McCall , Jean Shepherd , and Brock Yates as columnists, and P. J. O'Rourke as

1763-579: Was renamed Raptor after being updated with a V-shaped split windshield that reduced drag. This slightly modified car (which had previously won the 1996 One Lap event) went on to win the same event in 1997 and 1999, after which Car and Driver editor Brock Yates banned it from competing again. This car was also tested by Car and Driver in 1998. In their tests, the car weighed 2,773 pounds (1,258 kg) and featured 446 hp (333 kW) at 5800 rpm and 429 lb⋅ft (582 N⋅m) at 5000 rpm. The 383 cu in (6.3 L) Small-Block V8

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1806-492: Was sold in June 2013. Mosler also designed his own catamaran that he prides on being much lighter, faster, and more fuel-efficient than other models. He is operating a unique 'tandem' four-hulled ferry that doesn't promote sea sickness to take passengers from St. Croix to St. Thomas. Around 2010, Mosler relocated to the U.S. Virgin Islands in order to participate in a government-sponsored economic growth initiative. In 2013,

1849-443: Was the television counterpart that formerly aired on TNN / SpikeTV 's Powerblock weekend lineup from 1999 to 2005. It was produced by RTM Productions and hosted by Jim Scoutten—who also hosted American Shooter , another RTM production—until 2003. Thereafter the usual host was Larry Webster, one of the magazine's editors, with Csaba Csere adding occasional commentary and news. In 1993, Car and Driver licensed its name for

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