GM's ADD is A Gas
Even Autoblog knows something's not right when GM announces a $15.5b second quarter hit. ("We're no industry analysts and we don't have any insights into the General's balance sheet, but a $15.5B Q2 loss and four strait [sic] quarters of red ink doesn't sound good at all.") Well, you don't have to be an industry analyst to know that GM's Attention Deficiency Disorder accounts for a large part of its misery. Representing our Best and Brightest armchair analysis semi-pro squad, I'd like to point out that Larry Burns, GM Veep R&D and planning (yes planning), does his employer no favors when he steps on the GM Fastlane Blog soapbox and declares "GM believes there is no single technology solution to displace petroleum." So compressed natural gas it is! "Natural gas, is enticing because it is abundant, affordable and relatively clean." Only… "We are not ready to commit to a future production plan." So, Larry, how do we get this party started? "If natural gas is to make a measurable impact, many vehicles need to use it, and it must be readily available. Collaboration with the energy industry and governments is key. Governments will likely need to provide incentives to encourage early adoption of the technology and to jump-start the fueling infrastructure." Will these guys EVER learn? Nope.