Chevy Volt a Failure - GM to Layoff 1,300

And yet I never hear anyone say the same of the constituency on Wall Street.

 

Still waiting for that newspaper bailout to save tens of thousands of middle-class jobs.

 

Strategy principle: Substantially reduce impact of economic crisis on middle class in the short term.

Metric: Tens of thousands of middle class people who kept jobs and supported their families rather than becoming unemployed.

I'll accept your list of better bailout targets than the auto industry whenever you have time. And, as you know, this "upside" for the UAW (presumably saving jobs, right?) came in exchange for massive concessions.

 

I'd gladly consider a list of newspaper publishers who were going bankrupt in 2008-09 and who provide, in total, as many jobs as those provided by GM and Chrysler and the associated companies and industries.

 

UAW concessions included giving up raises, bonuses, cost-of-living adjustments and agreeing to a two-tier wage system where new hires make about half what hourly production workers are now paid, all to get labor costs from $75/hr to $55/hr to match Toyota.

 

Your beloved UAW was the reason GM was dying in the first place.

 

I'll hang up and listen? Could you start with the part where GM and Chrysler management were designing terrific cars and managing their product lines so well?

 

I doubt it.

 

The Electric Year in Review.

www.nytimes.com/2012/12/23/automobiles/a-growing-up-year-for-plug-ins.html?hpw

Zoom, etc.

 

The above is Iphone sales per quarter. I guess sticking with the tried and true Blackberry would have been wiser?

http://www.nytimes.com/2012/12/21/technology/a-million-users-desert-blackberry-and-revenue-falls-48.html

In 2007, about 1.4 million Iphones were sold. Now, they have sold over 100 million. Using Ragu's logic, the 2007 Iphone would have been a horrible flop, but people are not going to throw away an expensive phone just to get another one. Cars are the same. Most people are not going to get rid of a current car just to go to an electric car. But once their current car cycles out, I can see electric car sales going crazy much like what happened with the Iphone.

Almost every car manufacurer is putting out an electric car or a hybrid. I guess Toyota, Honda, BMW, Ford and others have no idea what is happening.