More lies and FUD. At least get your names straight next time.

The Prius whooped the tar out of the CIVIC HYBRID because it’s bigger, much more useful, and gets better mileage. The Civic Hybrid is a compact car with a short trunk and a rear seat that can’t even fold down. The Prius is a midsize with a hatch. Huge difference in both rear leg room and in cargo space (seat folds down too).

The INSIGHT looked radically different, got great mileage, but wasn’t very useful, and sold accordingly (worse than the Civic Hybrid).

Where did those numbers come from?

11,390 miles per year is a strange value.

You’re right. Out of place here. My apologies for not trusting our politicians to keep us out of bankruptcy as well.

The fact is, people who buy hybrid vehicles want to be seen for buying them. So the Insight failed because the hybrid version looked the same as the conventional version, just cost more. For this reason GM should scrap the conventional Malibou and only sell the Hybrid version.

But those forward projections are CRITICAL. IE when they fall short (surprise) they all get to say “how could we know things would be so bad?”

Then GM et al. get to ask for more money. (another 25B please (cough, cough.)) Well its worked for AIG so far!

/ Dripping with sarcasm.

(Ford gets a pass because their hybrid system, although not produced in enough volume, is actually very good).

Thanks, Statik. You must have eight arms and three or four heads to keep getting this information to us as fast as you have been doing. And have I mentioned that you have been pretty well on the target all year with your projections?

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Hehe, yeah, I just happened to be sitting at the computer when my ‘inbox’ popped up with the GM release.

ie) They are not solvent regardless of what they do…now give us our money

(The extra 6 billion dollar loan is just silly. They can’t pass that now, they only have 25 billion in the kitty total…thats a ‘Obama’ issue in February).

http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/gmnews/viewpressreldetail.do?domain=827&docid=50755

Volt mention:
“In addition, the Chevy Volt, which can travel up to 40 miles on electricity alone, is scheduled for production in 2010, and GM is planning other vehicles using Volt’s extended-range electric drivetrain”

———
“Pontiac will be a specialty brand with reduced product offerings within the Buick-Pontiac-GMC channel”
–translation, Pontiac is done–we ain’t making anything new for it and it is going to be grandfathered, but not so much that we are legally liable for anything

“GM will immediately undertake a global strategic review of the Saab brand”
–translation: we already tried to sell in quietly so we are going to put it in the ‘HUMMER’ allocation box now

“Balance Sheet Restructuring – Under the plan, GM would significantly reduce the debt currently carried on its balance sheet. GM plans to engage current lenders, bond holders and its unions to negotiate the needed changes”
–this is the part where we have a fancy daydream

“The plan calls for shared sacrifice, including further reduction in the number of executives and total compensation paid to senior leadership. For example, the chairman and CEO will reduce his salary to $1 per year. The plan also requires further changes in existing labor agreements, including job security provisions, paid time-off, and post-retirement health-care obligations. The common stock dividend will remain suspended during the life of the loans.”

–Wags makes a buck, but watch out pensioners and line workers we are coming for you…big time