Bailout Watch 66: When You've Sold Something…

bailout watch 66 when youve sold something 8230

Stop selling. To be fair, it’s no surprise GM NA Prez Troy Clarke Troy felt obliged to respond to The Christian Science Monitor‘s anti-bailout ed. “Years of mismanagement, high executive salaries, and overly generous worker benefits have indeed hurt the Big Three… Detroit is no more deserving than many other US industries – textiles, furniture, toys – that have failed to compete well against foreign companies.” In response, Clarke quickly trots out the usual arguments: GM provides American jobs, GM’s [drug on the market] alt power cars help U.S. energy independence, climate change is a bitch, Mars is in retrograde, etc. And then we’re off in uncharted territory. For one thing, Clarke confirms the memo on the Volt’s non-ICE rechargable batteries. “The Chevy Volt, an electric vehicle that will go on sale in late 2010, will deliver 40 miles of gasoline- and emission-free driving on a single charge and hundreds more miles by using a small gas engine to generate additional electricity.” For another, he’s already talking about widening the federal loans’ retooling remit. “The capital raised through these loans can be spent on such efforts as increasing our nation’s R&D in advanced batteries and alternative fuels, and retooling our factories to build new vehicles that use these advanced technologies.” As for proof that GM has the brains for the job… “Nearly a century ago, GM introduced the automobile self-starter, a technological breakthrough that banished the hand-crank forever. As the Volt demonstrates, GM is still at the forefront of advancing automotive technology.”

Comments
Join the conversation
2 of 15 comments
  • Yankinwaoz Yankinwaoz on Sep 24, 2008

    I was always under the impression that it was race car drivers who came up with most of the safety features of cars. Rear View Mirrors, seat belts, roll bars, etc.

  • Joeaverage Joeaverage on Sep 24, 2008

    The race guys invent it but it has many times taken the gov't to force auto makers to put these features into their consumer vehicles. Sometimes that is good and sometimes that is bad. On one hand I want a safe car and on the other hand I want a lightweight car without the modern car's bulk and complexity. Yeah, I want my cake and eat it too. Yeah, I'd buy a new '84 VW Rabbit 'vert or GTI if it was available (without the modern bulk). I'd travel in my airbag equipped Honda though leaving the VW for my second car duties.

  • Conundrum Some parts of the US are in a bad way due to drought and climate change as well, but Posky manages to avoid mentioning Lake Meade, Musk going bananas over no water for his Nevada gigafactory, a few wildfires and floods here and there. No let's have a chuckle over China's experience instead, and chuck in the name Toyota in the headline as a draw. Musk is demanding China ensures his Shanghai factory gets plent 'o power, because that's what spoilt billionaires do. Me, me, me first. Doesn't work when everyone's gasping for breath.Kind of seems to me that avoiding the obvious is the American way. Let's burn some more coal and make things much better! Yeah!Meanwhile, apparently whoever runs this website on a technical basis needs to go back to training school.meanwhileThe way this site "operates", which it mainly doesn't, is a complete farce!Let's have an opinionated article on that.
  • MaintenanceCosts Ok, John Galt.We’re a society, we have to set tax policy as a society, and that requires (and amply justifies) deciding how much tax is “enough.” You can play-act the self-reliant individual, but you’ll cry uncle when you encounter the warlords that actually run any place where society doesn’t exist.
  • EBFlex They should be upset, but at whoever designed this turd regardless of the badge on the front.
  • Sgeffe From everything I’ve heard, this stuff was circling the drain before 2020, and the WuFlu was the fatal hit to the jugular!As has been noted, what will all of the purveyors of canapés, shrimp cocktail, and rent-a-bartenders ever do?And can someone please explain why the only place I can put a paragraph break in this commenting system is in the top comment, and not a reply? I think that’s why the comments on here are way down! (At least on an iPhone.)
  • Sckid213 Now would be a good time for a REAL NAME for a new Acura model. This would be like if Caddy named the Lyriq "Allante." Why bring back bad memories.
Next