and then we'll find automakers who hire American engineers, instead of finanacial wizards again.
NO MORE BAILOUTS.
GM hasn't had engineers in ages. Fired them and they aren't changing that anytime soon.
America has proven time and time again, that though she is lazy and fat, she also can gird up her loins and serve with glory. Underestimate the doughboys at your peril.
Up Next: Exurbs turned into Greenhouses. We gotta do something better than ghost towns, right??
GM has plenty of engineers dedicated to the Volt project. You should read up on it. http://www.theatlantic.com/doc/200807/ge neral-motors
The wait list for the Volt is already at 10,000. I'd love to be able to buy one myself. I'll be ready for a new vehicle about the time the Volt comes out on the market. If I can't get a Volt, I think I'll go with a Prius-type vehicle with a plug-in modification.
they send out to stockholders says about this...
Specifically, I'm interested in the breakdown of money being spent.
Just because someone is doing something good, doesn't mean it's being prioritized
thanks for the tip!
I've read several articles about this project. It looks like GM is almost staking their future on this project. They hope to not only be the first to bring a real plug-in to market, but to use that feat to regain their position as a technology leader. At one time, they were an innovative company, despite their current negative image. For instance, they introduced front-wheel drive in the late 60's with the Oldsmobile Toronado and the Cadillac El Dorado.
Unfortunately, GM became arrogant and complacent (read fat and sloppy) in the 1970's and they have yet to recover from the consequences from that attitude. They have been playing catch-up ever since. They may regain their once-deserved reputation as a manufacturing leader. It will take a lot of work and decades of proper management, but it is possible.
you get the odds, risks, and probability of success on the project. as legally mandated.
(you should be able to pull it up online, i think)
Im certain that we wont let GM fail. Failure really isn't an option when the economy is sagging like it is.
3 trillion is our bailout budget. The markets have easily a hundred times that.
Money must be made to disappear.
The bubble must burst.
true. But without government assistance a GM failure would only put our economy into a bigger shit hole.
At this point we're a shinking ship.
The only thing that scares me is what happens after the bubble bursts.
plus, any other company woudln't have its pension plan.
America can afford to foot that bill, to get rid of moneysinking huge corporations that Just won't Die! (that last bit is a reference. dunno to what, though)
You got Japan giants dominatin' right now, hardly a time when a newb will strike gold and actually survive.
It isn't so much as we have to save 'GM' its more like we have to save the '8.7 billion dollars they pump into the economy' scenario.
the auto industry!
ergh. channeling Zorgon again.
Itadekimasu!
yes.
wait.....
no.
ihavenoidea!
[ahaaa]
of insanity?
I've got two Elder Gods and a Progenitor waiting in the back on ice...
