Chevy Volt a Failure - GM to Layoff 1,300

Azrael · Nov 27, 2012

wheels.blogs.nytimes.com/2012/11/13/chevrolet-spark-e-v-to-have-debut-at-los-angeles-auto-show/

www.chevrolet.com/spark-mini-car.html

The Big Ragu · Nov 27, 2012

Azrael said:

wheels.blogs.nytimes.com/2012/11/13/chevrolet-spark-e-v-to-have-debut-at-los-angeles-auto-show/

www.chevrolet.com/spark-mini-car.html
Click to expand...

That is what we get for $64.7 billion in political kickbacks (just to GM and its financing arm) that have gotten tacked onto our national debt at all of our expense? Are we supposed to cheer when nobody buys those either?

https://docs.google.com/viewer?a=v&q=cache:4eRhPiq8P8AJversight.house.gov/wp-content/uploads/2012/07/Romero-Testimony-and-Bio.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESh6pBUA9WrueqcOokfwU3A7sOjfOX7i2DhK7l9KtD5wX3us-duuGxzz9CJE-KOHs6MVkBOu0kqr2CSOR5fgl5Oc4jgPzi2OZHFr-FXrRn6HVs7g8tHg9zdWj46J7ZZDtdkEiV86&sig=AHIEtbSbJSuQ9fmuO-E8qEH3JkmUB6Xmqg

93Devil · Nov 27, 2012

The Volt is such a failure that they are expanding the electric car line.

Captain Obvious · Nov 27, 2012

The Big Ragu said:

Azrael said:

wheels.blogs.nytimes.com/2012/11/13/chevrolet-spark-e-v-to-have-debut-at-los-angeles-auto-show/

www.chevrolet.com/spark-mini-car.html
Click to expand...

That is what we get for $64.7 billion in political kickbacks (just to GM and its financing arm) that have gotten tacked onto our national debt at all of our expense? Are we supposed to cheer when nobody buys those either?

https://docs.google.com/viewer?a=v&q=cache:4eRhPiq8P8AJversight.house.gov/wp-content/uploads/2012/07/Romero-Testimony-and-Bio.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESh6pBUA9WrueqcOokfwU3A7sOjfOX7i2DhK7l9KtD5wX3us-duuGxzz9CJE-KOHs6MVkBOu0kqr2CSOR5fgl5Oc4jgPzi2OZHFr-FXrRn6HVs7g8tHg9zdWj46J7ZZDtdkEiV86&sig=AHIEtbSbJSuQ9fmuO-E8qEH3JkmUB6Xmqg
Click to expand...

Why haven't you moved to the middle of nowhere so you don't have to suffer being oppressed by the federal government?

The Big Ragu · Nov 27, 2012

Devil,

"They"? Who are "they"?

The treasury department's last report upped the expected loss on GM to Americans $3.3 billion to $25 billion.

Our government has more than a 30 percent stake in the company, and a presidential task force on autos is running the thing. "Failure" doesn't work into that equation. Nor does profit motive. Americans will pay for their political toy that they are using to buy constituents with. It's easy to do whatever you want -- without regard for success or failure -- when you have a blank government check to play with. The government owns 500 million shares. They'd have to unload those shares at more than $53 a share to just break even. GM closed at $25.01 today. That is an unrealized loss of how many billion already -- $15 billion? $20 billion?

They could peddle go karts powered by french fry oil to buy off potato farmers and it still doesn't mean they know success or failure from their own asses. The "they" you are referring to are a bunch of politicians who have their hands on an auto company and put our country into tens of billions of dollars of debt to fuck it up for their political purposes.

Obvious, Pointing out the reality of the corrupt mess that was behind the TARP bailouts doesn't make for just two choices: "move somewhere else" or "accept it." There is such a thing as loving where you live and pointing out things that are wrong.

qtlaw · Nov 27, 2012

As much as I want to like the GM bailout and Volt program, after attending the local car show this weekend, it really looks like the Volt pales in comparison to the other hybrid options, both in mileage and fit/finish. The fact that the Volt is nearly $50k while the Hyundai Sonata hybrid is only $28k makes me wonder why anyone would buy a Volt.

93Devil · Nov 27, 2012

The Big Ragu said:

Devil,

"They"? Who are "they"?

The treasury department's last report upped the expected loss on GM to Americans $3.3 billion to $25 billion.

Our government has more than a 30 percent stake in the company, and a presidential task force on autos is running the thing. "Failure" doesn't work into that equation. Nor does profit motive. Americans will pay for their political toy that they are using to buy constituents with. It's easy to do whatever you want -- without regard for success or failure -- when you have a blank government check to play with. The government owns 500 million shares. They'd have to unload those shares at more than $53 a share to just break even. GM closed at $25.01 today. That is an unrealized loss of how many billion already -- $15 billion? $20 billion?

They could peddle go karts powered by french fry oil to buy off potato farmers and it still doesn't mean they know success or failure from their own asses. The "they" you are referring to are a bunch of politicians who have their hands on an auto company and put our country into tens of billions of dollars of debt to fuck it up for their political purposes.

Obvious, Pointing out the reality of the corrupt mess that was behind the TARP bailouts doesn't make for just two choices: "move somewhere else" or "accept it." There is such a thing as loving where you live and pointing out things that are wrong.
Click to expand...

Up $5 from this summer, right? Tell me you didn't notice that.

And where did this money go? Did the burn it in a fire pit in Michigan or did it get spent over and over in the Michigan economy.

Hokie_pokie · Nov 28, 2012

93Devil said:

The Big Ragu said:

Devil,

"They"? Who are "they"?

The treasury department's last report upped the expected loss on GM to Americans $3.3 billion to $25 billion.

Our government has more than a 30 percent stake in the company, and a presidential task force on autos is running the thing. "Failure" doesn't work into that equation. Nor does profit motive. Americans will pay for their political toy that they are using to buy constituents with. It's easy to do whatever you want -- without regard for success or failure -- when you have a blank government check to play with. The government owns 500 million shares. They'd have to unload those shares at more than $53 a share to just break even. GM closed at $25.01 today. That is an unrealized loss of how many billion already -- $15 billion? $20 billion?

They could peddle go karts powered by french fry oil to buy off potato farmers and it still doesn't mean they know success or failure from their own asses. The "they" you are referring to are a bunch of politicians who have their hands on an auto company and put our country into tens of billions of dollars of debt to fuck it up for their political purposes.

Obvious, Pointing out the reality of the corrupt mess that was behind the TARP bailouts doesn't make for just two choices: "move somewhere else" or "accept it." There is such a thing as loving where you live and pointing out things that are wrong.
Click to expand...

And where did this money go? Did the burn it in a fire pit in Michigan or did it get spent over and over in the Michigan economy.
Click to expand...

The American taxpayers are losing our asses to build a car that nobody except Justin_Rice wants ... and he only wanted it because it was heavily subsidized by said taxpayers, of course.

The federal government printed money and added billions to our already astronomical debt with a blatant kickback to one of the sitting president's essential voting blocs -- thereby rewarding the same union that helped cripple the American auto industry with its absolute unwillingness to negotiate on the ridiculous legacy costs which make so many of its vehicles non-competitive in the marketplace.

And yet, you seemingly see nothing wrong with this.

Wonder why that is?

Azrael · Nov 28, 2012

The TARP bailout and the development of the Volt both came during the Bush administration. Discuss.

Azrael · Nov 28, 2012

qtlaw said:

As much as I want to like the GM bailout and Volt program, after attending the local car show this weekend, it really looks like the Volt pales in comparison to the other hybrid options, both in mileage and fit/finish. The fact that the Volt is nearly $50k while the Hyundai Sonata hybrid is only $28k makes me wonder why anyone would buy a Volt.
Click to expand...

Not sure how you're comparing 'mileage' here.

www.fueleconomy.gov/feg/Find.do?action=sbs&id=32186&id=31618

Azrael · Nov 28, 2012

GM to Fisker. Frying pan to fire.

wheels.blogs.nytimes.com/2012/11/27/fisker-hires-g-m-s-former-head-of-marketing/?ref=automobiles

93Devil · Nov 28, 2012

Hokie_pokie said:

93Devil said:

The Big Ragu said:

Devil,

"They"? Who are "they"?

The treasury department's last report upped the expected loss on GM to Americans $3.3 billion to $25 billion.

Our government has more than a 30 percent stake in the company, and a presidential task force on autos is running the thing. "Failure" doesn't work into that equation. Nor does profit motive. Americans will pay for their political toy that they are using to buy constituents with. It's easy to do whatever you want -- without regard for success or failure -- when you have a blank government check to play with. The government owns 500 million shares. They'd have to unload those shares at more than $53 a share to just break even. GM closed at $25.01 today. That is an unrealized loss of how many billion already -- $15 billion? $20 billion?

They could peddle go karts powered by french fry oil to buy off potato farmers and it still doesn't mean they know success or failure from their own asses. The "they" you are referring to are a bunch of politicians who have their hands on an auto company and put our country into tens of billions of dollars of debt to fuck it up for their political purposes.

Obvious, Pointing out the reality of the corrupt mess that was behind the TARP bailouts doesn't make for just two choices: "move somewhere else" or "accept it." There is such a thing as loving where you live and pointing out things that are wrong.
Click to expand...

And where did this money go? Did the burn it in a fire pit in Michigan or did it get spent over and over in the Michigan economy.
Click to expand...

The American taxpayers are losing our asses to build a car that nobody except Justin_Rice wants ... and he only wanted it because it was heavily subsidized by said taxpayers, of course.

The federal government printed money and added billions to our already astronomical debt with a blatant kickback to one of the sitting president's essential voting blocs -- thereby rewarding the same union that helped cripple the American auto industry with its absolute unwillingness to negotiate on the ridiculous legacy costs which make so many of its vehicles non-competitive in the marketplace.

And yet, you seemingly see nothing wrong with this.

Wonder why that is?
Click to expand...

Thinking that the internal combustion engine is the future of commuter vehicles is comparable to Kodak thinking film is the future of cameras.

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Chevy Volt a Failure - GM to Layoff 1,300

Azrael Well-Known Member

The Big Ragu Moderator Staff Member

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qtlaw Well-Known Member

93Devil Well-Known Member

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Azrael Well-Known Member

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Chevy Volt a Failure - GM to Layoff 1,300

Azrael Well-Known Member

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93Devil Well-Known Member

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The Big Ragu Moderator Staff Member

qtlaw Well-Known Member

93Devil Well-Known Member

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