It is belly up time for GM. So kiss my butt GM!
So The Malibu is a lemon + The Federal Government owns 25% of GM = GM will be bankrupt soon?
GM may go bankrupt again but I think there are better list of facts the author could have used.
They need a volt to get going. OOPS they have one but it isn't going anywhere. Another brainchild of Obama!
And what did all these right-wing commentators make of that? “Chevy Volts catch fire.” All of them were talking about “yeah, they all catch fire. GM’s gonna recall ‘em. There’s just another Obama-inspired program - a misguided socialist automotive policy. And not only did they spend a lot of your hard-earned tax dollars creating this vehicle, but now they put a $7500 tax credit on it.” Well, there are a couple of things wrong with all those statements. First of all, the Volt was my idea in 2006. We showed the first prototype at the Detroit Auto Show in 2007. Obama wasn’t elected until late 2008, so Obama could not be the progenitor of the Chevy Volt. And what they also conveniently forget is that the $7500 tax credit for electric vehicles was enacted under the Bush administration.
As for Volts catching fire, the crashed one caught fire after three weeks, and then the NHTSA, in order to determine the root cause of the fire, deliberately mistreated two more battery packs until they caught fire to try to find the root cause of the initial fire. That of course in the media was: “GM grapples with additional Volt fires.” And these people are supposed to be for American jobs? They did such reputational damage to the Volt that the demand dipped to a very low level. So GM did the right thing, which was to idle production for 5 weeks and lay off workers. So here are these right-wing pundits who are always talking about jobs, jobs, jobs. Actually through their irresponsible reporting on the Chevrolet Volt they managed to put American workers out of their jobs for five weeks! It annoys me to no end.
By the way, no electric vehicle has ever caught fire in normal service, but 275,000 gasoline-powered vehicles burn to a crisp in the United States every year - one every 120 seconds. [Editor’s note: the Bureau of Transportation Statistics’ figure is 250,000 gasoline vehicles per year.] Well, where’s the outrage when gasoline-powered vehicles catch fire? That’s considered normal. Every movie where there’s a crash sequence: bum-BOOM!
As a conservative myself politically, it annoys me no end to see deliberate lying and misinformation coming out where they will trash an outstanding American product and do damage to American employment just to get at Obama. That’s just plain unethical.
The Volt isn't even a pimple on GM's Elphant ass. They don't have enough owners and that's with the federal government giving 7,500 rebates to get people to buy it and CA offered an additional 5,000 to buy it. That's 12500 in government subsidy per car. GM is lossing it's ass on the Volt.By Patrick Rall on Tue, 08/28/2012 - 11:10
While GM has not confirmed the news, unnamed sources have indicated that the General Motors Hamtramck Assembly Plant that builds the Chevrolet Volt will take four weeks off starting in September and running through October – marking the second time this year where GM has paused production of the hot selling electric Chevy.
The Volt is a dead dog loser for GM but as you pointed out the 3 satisfied buyers who got paid to buy it by the government aren't complaining. The problem is the rest of their product line.
Take a look at the stock price. In one of the greatest bull markets of my lifetime the stock has done nothing but crap out. Why?
Last edited by Winstonbiggs; 08-30-2012 at 06:06 AM.
its eye opening that the ford motor company saw this coming a mile away... if the american people own %25 of the company how come i dont have a brand new chevy in my driveway???