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Tag: Chevy Volt
By Corinthian Scales, Section News
(2 comments) Comments >>
By Corinthian Scales, Section News
Former General Motors Vice Chairman Bob Lutz on Friday sharply criticized Republican presidential candidate Mitt Romney, defending the rescue of GM and Chrysler as a "necessary government intervention."
Yup. That should resonate real well for the Durant campaign during the primary. Perhaps, a not so subtle reminder for when "Maximum Bob" opens his pie hole again...
(4 comments, 237 words in story) Full Story
Michigan's own Pravda provides us Comrade Shmok for our giggle of the day.
Levin, who purchased his electric car with gas backup in April at a Michigan dealership, lives in a historic Washington rowhouse with no garage or dedicated parking spot. No luck there. Ditto for the garage of the U.S. Capitol.
Carl, there hasn't been one damn thing in your 32 years in DC that your fellow Marxist Party has done to cost "government" a penny. It's fleecing 'We the People' plenty though.
At the Detroit Economic Club today, Treasury Secretary Timothy Geithner tried to claim the auto bailout is a success.
It certainly doesn't seem like a success for the taxpayers. GM stock is about $30 today, and unless it gets up to $54, the taxpayers lose money on the deal. Why would it go up? You want to fight high gas prices by buying a Volt? How does $41 grand a pop sound? And still GM loses money on every one it sells even at that price. Not only that but we are seeing that government subsidies for electric cars is good tax money wasted in any case.
It doesn't get any better. Worldwide, U.S. cars aren't selling worth beans and domestically, GM is lagging because people who hate the bailouts won't support it with their car-buying dollars any more than they did with their votes last year when they kicked out every incumbent they could find who'd been for it. And GM still has all its old problems, too, like those big fat union pension obligations. Sadly, nothing that caused GM's financial trouble has been fixed.
(16 comments, 371 words in story) Full Story
External FeedsMetro/State News RSS from The Detroit News
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