Comments on: Presidents Auto Task Force Members to Test Drive Chevy Volt Mule

By: Minnis

Minnis — Sun, 23 Aug 2009 05:30:57 +0000

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By: LauraM

LauraM — Mon, 09 Mar 2009 22:55:44 +0000

107 BillR/ #112 CaptJackSparrow

By normal (i.e. before september 2008) exchange rates, 20,000 pounds equaled roughly 40,000 dollars. The British pound has fallen off a cliff since then, but that figure is probably based on the pound making a comeback by 2012. Since the pound hasn’t been this low in years, I don’t think that that’s an unreasonable assumption.

Personally, I’m hoping that they’re also building economies of scale into that figure. And they’ll reduce the price for everyone by then. Including us.

By: noel park

noel park — Mon, 09 Mar 2009 22:52:10 +0000

I can’t open the next thread, with the video of the visit to GM. Is anyone else having the same problem?

By: The Grump

The Grump — Mon, 09 Mar 2009 22:35:54 +0000

Many posters here don’t understand the difference between chapter 7 and chapter 11 bankruptcy – they just talk about GM being “destroyed”. Therefore, as a public service, I have provided a short description of the two bankruptcy types in this thread.
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- Under a chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by extending the time for repayment, or may seek a more comprehensive reorganization.
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- A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 11. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
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#105 N Riley – GM can continue to operate under chapter 11. The big difference – Every financial report would be submitted to the bankruptcy court. GM would really be under the gun to improve their profits, but GM’s problems would be shared fairly with all their debtors – the UAW, retirees, dealers, suppliers, and the biggest villain in this sorry drama – the shareholders. They voted for Wagner, over and over, while he fiddled, and GM burned. And quite possibly, the court would allow payment to Gm’s suppliers as vital to GM’s success. The court has that ability to selectively choose who gets what, and when.

By: GM's marketing must have been in charge

GM's marketing must have been in charge — Mon, 09 Mar 2009 22:22:32 +0000

From Detroit Freep:
“President Obama’s automotive task force… panel…today took a private tour today of General Motors Corp. and Chrysler facilities, traveling around Metro Detroit in a 2009 Jeep Grand Cherokee.”

http://www.fueleconomy.gov/feg/2008car1tablef.jsp?id=26181

2009 Jeep Grand Cherokee = 12 mpg combined fuel economy, the worst of all SUVs of any size.

Way to send a mixed message to Detroit and the nation, automakers. Talk about cognitive dissonance.

Or do Detroit streets now count as rugged, extreme off-roading? Also, what were they towing, air?