Oh no!! They may need some more bailout money! http://thehill.com/blogs/transporta...es/213889-gm-halting-production-of-chevy-volt http://campaign2012.washingtonexami...tial/gm-laying-1300-due-low-volt-sales/406771
Another example of how Obama failed at "picking winners" in the alternative energy sham. Complete fail. He wants to spend $100M of our taxpayer money to subsidize this crap of a vehicle. He chose to do this over helping poor DC school kids. Nevermind that the average owner of a chevy Volt makes $170K a year. Solyndra, Volt.....just stop Obama. You're clueless. http://www.thepiratescove.us/2012/02/14/obama-budget-help-rich-buy-volts-hurt-poor-d-c-school-kids/
US Economic Calender Motor Vehicle Sales Domestic Vehicle Sales Prior-10.7 M Consensus forecast-11.0 M Actual-11.4 M Total Vehicle Sales Prior-14.2 M Consensus forecast-14.0 M Actual- 15.1 M Back away before I start posting the consumer confidence, and PMI indices. y'all might need to hide from good economic metrics. I'd say all in all, the auto industry won't need another bailout. Which is a minor f**king miracle considering the honest-to-god screw-up credit freeze Wall Street imposed arbitrarily on America due to capricious greed. Never forget who is truly to blame. Stop blaming the firemen and victims for the fire. Look to the arsonists. Fix the financial system. Fix and regulate shadow banking. Make sure that American industry is never on life support again because of the actions of a few greedy, and privileged elite. Stifle the effect of the speculative system.
But Hussein wants everyone to have to rely on government. He wants to control health care, education, energy, etc.
Typical of you people. Cheering for American industry to fail and for Americans to lose jobs and income.
Troll comment that contributes nothing. Back on topic, other foreign automakers are pushing forward. Electric cars are obviously in the plans. Like the space race that was 100% government funded, is it in our national interest to concede the fight? Or do we want American companies to compete? Like all things really big (national highways, nuclear, space race, etc), some things are too complicated/risky to br privately funded. The question is do we think it gives America a competitive edge or is it just not that important and let's let other countries take lead?
Obviously the car they built isn't for the masses... it's much too expensive and not versatile enough. But it's a step in the right direction. The first steps towards any endeavour we usually stumble a little... but if we never took those steps where would we be? Until corporations are fine with having smaller profit margins, or lithium-ion batteries are cost-effective enough to fulfill current profit margin goals, we aren't going to see a 300-mile range vehicle made for an individual who makes $40,000 a year.
THIS is why you DO NOT want government to be involved in anything more than what it was supposed to be involved in when the country was declared.
Ooops. Show me what policies show that he wants government to have control over any of the things you just mentioned.
http://usnews.rankingsandreviews.co...-blog/2012/01/GM_Reclaims_Global_Sales_Crown/ GM RECLAIMS GLOBAL SALES CROWN
Indeed, big banks, big car makers, big real estate, big Wall Street... if only they weren't interfered by the government they'd be super awesome and never in any trouble.
The company has been around for nearly 100 years and is responsible for probably in calculatable economic impact for our country. It faltered during the 2nd biggest depression in our country's history. Does that make it a bad business model?
