
When GM went into bankruptcy on June 1st, it carried with it a risk that it might not rapidly emerge. It was hoped from the start that the quick-rinse or 363 sale bankruptcy could be completed within 60 to 90 days. Continuing in court for months or years would be an agonizing and likely devastating process for the automaker.
Chrysler was put through a similar process beginning a month earlier and was successfully able to merge with Fiat and leave bankruptcy after a mere 42 days.
GM’s CEO Fritz Henderson told reporters at a conference that presently he expects GM will successfully complete it’s bankruptcy process “according to plan.”
“We said 60 to 90 days, but it could be outside that,” Henderson cautions. “I’m not making another prognostication at this point.”
So far the risks of bankruptcy on sales haven’t materialized. In fact, he noted June sales were actually up compared to May, and have been increasing each month since March. Henderson attributes this in part to the fact that the federal government has backstopped vehicle warranties.
Henderson also said he expects oil prices to reach the $100 to $130 barrel range within the next several years and stay high. “We have to have a view,” he said. “It’s important because volatility is going to be permanent, and the consumer actually has changed how they look at energy.”
“We have to make vehicles that are beautiful, light, safe and meet all the requirements of society and are increasingly fuel efficient,” he said.
GM has plans to offer 14 hybrid vehicles by 2012 including the use of second generation lithium-ion BAS systems, 2-mode and plug-in 2 mode systems, and up to 3 Voltec models.
Source (Detroit News)
June 17th, 2009 at 3:37 pm
1st?
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June 17th, 2009 at 3:47 pm
THREE voltec models? I wonder what the third is…
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June 17th, 2009 at 3:47 pm
It sure doesn’t feel as scary now that good homes have been found for Saab, Hummer, and Saturn. Without Pontiac, Chevy’s should sell better.
I still think the Volt will become a brand like Jeep and Eagle did.
Many things are looking better – banks have built up their capital, renewable energy is growing exponentially, creating jobs. Unemployment may peak this year or early next, then we should achieve a more sustainable growth based on domestic energy production and improved efficiency.
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June 17th, 2009 at 3:48 pm
GM has sold off 3 divisions that are now competitors who are all working on ‘all-electric’ vehicles. I hope the ‘New GM’ can compete by building the types of vehicles Americans really want, and not just the types of vehicles Obama’s Oversight Committee ’says’ we want.
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June 17th, 2009 at 4:01 pm
Without knowing it seems the third voltec needs to be either a light truck or a people mover (Orlando van?)
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June 17th, 2009 at 4:03 pm
On the subject of Voltec, any pictures of the IV’s yet?
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June 17th, 2009 at 4:07 pm
“GM CEO Expects Company to Emerge From Bankruptcy on Time”
There is a stretch between what a CEO expects, and what could occur. The future is not written, and Chrysler Fiat is only one data point. There are a lot of people out there, auto buyers and officials in the government alike who do not wish GM well in this federal-mediated bailout/bankruptcy process.
For the promise of Volt, I hope GM succeeds.
Don’t forget too that in order for GM to recover, the economy at large also has to rebound; as it so far seems to be doing: but this also is not a settled matter.
““We have to have a view,” he said. “It’s important because volatility is going to be permanent, and the consumer actually has changed how they look at energy.”
This quote strongly suggests that Fritz “gets it,” and it is very encouraging to read.
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June 17th, 2009 at 4:12 pm
CorvetteGuy#4 I agree. The jettison of divisions that GM had let go that willfully became just similar shells of GM’s divisions has actually backfired, pun intended, and now GM will have to compete with them.
I am not so sure that Chief Pontiac might somehow also escape death somewhat like Indian Motorcycle keeps re-emerging from the grave. CHINA? My Grandfather, who owned a Pontiac, Cadillac, GMC dealership in small town, Smithville Texas was dismayed at how, The General, eventually mishmashed the once mostly independent Divisions. So now, William Crappo Durant’s creation has let loose the original divisions and it begins again from the chaos of this new era.
And I forgot, Oldsmobile, yet another iconic auto car that might have the name rights sold. Somehow I think that the flourish of hundreds of auto car companies might be making a rebound in numbers, certainly less but not beholden to just a few giants.
Carcus1 Das vus hilariousen! Fahrvergnugen Das Volt! Ya!
The boys vant another auto ride. Zeus, Apollo, komen zu here!
Regards!————Higgins
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June 17th, 2009 at 4:13 pm
Government Motors will “emerge from “bankruptcy” as a politically controlled, UAW owned Works Program kind of like Amtrak which was supposed to go private within 3 years of being formed back in the 1970s. Amtrak is STILL gov’t owned and is STILL losing money!
Talk is nice but we’ll just have to wait and see if the politicians & unions can run a car “company” that makes high quality products that the GENERAL public wants to buy at costs low enough to compete in a global market.
My guess is that the politicians will force GM to make cars that nobody wants and unions will spend the taxpayer’s money on them selves (Christmas all year round) and politicians won’t be able to resist the UAW campaign contributions and won’t kill the company even after wasting over $100 Billion in taxpayer funds, but we’ll see.
What was a “for profit” competitive business is now a POLITICAL bottomless pit…
When Big Gov’t & Big Corporations work together to screw the taxpayers our of money and free choice, THAT is called FASCISM.
Welcome to Obama’s (spare) “change”. I have the audacity to “hope” that someday a politician will actually have the courage and integrity to honor their oath of office to defend the Constitution so that We, the People can be free of today’s “Crony” Capitalism and return to FREE MARKET CAPITALISM where risk/reward is the dynamic.
Adolph Hitler (a Fascist) was the leader of the National Socialist German Workers’ Party which was the 1920’s Social-Progressive leader in Germany.
http://en.wikipedia.org/wiki/National_Socialist_German_Workers_Party
Now the Obamaniacs are going down that path again. Support them with BOTH your tax dollars AND your consumer dollars if you like that idea.
(beware, history has a bad habit of repeating itself)
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June 17th, 2009 at 4:22 pm
If Saturn, Hummer and Saab all end up selling electric cars in the US, without killing off the New GM, it will be at the expense of all the other automakers, right?
Of course, two of the three are now (or soon will be) foreign owned anyway, but none will be based in Japan. Not to diss Japanese cars per se, just an observation that American industry is perhaps not alone in having to adjust to a post-boom environment.
Also, the Japanese automakers seem determined to follow evolution rather than revolution; all these other risk-taking competitors may give the tiring companies and additional kick in the shen.
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June 17th, 2009 at 4:32 pm
Henderson also said he expects oil prices to reach the $100 to $130 barrel range within the next several years and stay high. “We have to have a view,” he said. “It’s important because volatility is going to be permanent, and the consumer actually has changed how they look at energy.”
—————————–
…if there was ever a case to be made that oil was going to stay under a hundred bucks for the next ’several’ years, a GM forecast of the future suggesting the opposite would be high on that list
(I feel like copy and pasting a million quotes saying that bankruptcy would obliterate sales (and GM itself) from the executives at GM as a example…but I’m too lazy)
Onto the subject of the thread, 90 days seems like a fair/reasonable enough number to pull out of bankruptcy…if Chrysler is our example, it would seem only international hiccups could throw a wrench into the situation (or maybe the auto suppliers?)
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June 17th, 2009 at 4:32 pm
GM has plans to offer 14 hybrid vehicles by 2012 including the use of second generation lithium-ion BAS systems, 2-mode and plug-in 2 mode systems, and up to 3 Voltec models.
_________________________________
Sounds like the same mistakes are about to repeat.
Spreading themselves too thin and competing for resources from within is what we saw before.
How is this any different?
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June 17th, 2009 at 4:34 pm
I don’t understand the dismay at the closing of dealerships. I am certain that if GM had gone through a normal caotic bankruptcy, there would have been a lot more dealeships closed, if not all, and a lot more damage to whatever was left of GM in the end. Remeber if the governemnt had not stepped in, GM would not have been able to get financing and if there is no financing for continued operations then chapter 11 would have become chapter 7 in very short order. Chysler would have been all gone back in December.
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June 17th, 2009 at 4:36 pm
#3, that’s interesting; Volt becoming it’s own brand…hmmm…
Even though GM will be competing with their spun-off brands, I don’t think they’ll be a threat (in the near term anyway) with the exception of Saab (who will be getting GM’s technology and vehicles).
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June 17th, 2009 at 4:51 pm
Quote:
“and up to 3 Voltec models.”
Make the third a small pickup truck!!!
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June 17th, 2009 at 4:58 pm
Quote:
“GM has plans to offer 14 hybrid vehicles by 2012 including the use of second generation lithium-ion BAS systems, 2-mode and plug-in 2 mode systems”
Huh? Develop more crap from old tech? Why? Isn’t the parallel hybrid tech about 9years old? Did the BAS thingy even work right?
I don’t getit, I need another beer.
Considering many companies are going electric in the near 2yr future this just doesn’t make sense.
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June 17th, 2009 at 4:58 pm
The volatility in gas prices is one of the major reasons why the public is looking for an alternative. I think the VOLT is precisely what they want. It is quiet, smooth running, doesn’t smell and is not rely on gas. the fact that it reduces our dependence on foreign oil is another plus.
The closer we get to V-Day (Volt Day) the more excited I get about it.
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June 17th, 2009 at 4:58 pm
Of course Fritz Henderson expects GM to emerge from bankruptcy according to plan, as everything is going according to plan.
The ‘plan’ is basically this:
Sell off GM piecemeal to countries with slave labor pay rates like Mexico, Communist China, and Brazil.
Whats left of GM here in the states will simply be white collar administrative jobs such as logistics and administrative aspects.
This is the final push to eliminate the last of large scale manufacturing here in the US.
Large scale manufacturing already gone from the US:
Industrial machinery, ship building, steel manfacturing.
Now add to that list auto manufacturing as well.
Whats left? Not much.
Good luck everyone.
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June 17th, 2009 at 5:09 pm
Tim #9 If I recall, Hitler’s Government did not own the various car companies in the least like Uncle Sam seems to with GM and partially with Chrysler. Soooo, Das EIN is even MORE in tune in, well, calling the tune. Did Obama orchestrate this? Very curious indeed. Obama, with the bailout candlestick in the Library… .
The Volkswagen was at least an unique attempt to offer to the common people an auto car that until such time was not even imaginable to even dream of owning. The BUG became iconic like the Model T which had a like minded motivation though from some enterprising private individual vs the head of State of Germany. Come to think of it, Hitler was even not allowed to put his name thought up for his project as he was not a name marketing smith. Now Obama…?
Volt becoming it’s own brand Jason M. Hendler #3, well Pontiac was a child of Oakland though Pontiac had pre-existed before. Oakland was dropped as Pontiac sales trumped handedly Oakland. So the history is there though I doubt that Chevy GM will be so inclined to let the Volt loose of the Chevy badge.
Cheers! Higgins
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June 17th, 2009 at 5:27 pm
Guy Incognito #18 While I agree that making everything with the 3rd World labor dirty pool labor is ALWAYS on the mind of certain but not all capitalists who only look at the United States as a host country from which to make the GOD, money… the sad state of GM in the mega billion dollar bailout seems to put the GM smart guys in an odd position of having the American Taxpayer have a say.
I doubt that even the ONE will let GM parse out all of it’s self to over seas and way too narrow river manufacturing. Like I suggested, that there was most likely an offer from the Chinese to simply buy GM in total. They got Hummer and they might buy the rights to brand names now killed off by the illustrious leaders of GM.
Regards!——-Higgins
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June 17th, 2009 at 5:32 pm
Mr. Henderson is absolutely correct in everything he says, because, he does not have any need to say anything else but what is true.
Sometimes contrary to that, many posters write about what has (truly) “been” as if that could now be a credible barometer for what “is” or “will be”.
The problem with historical thinking is that the majority of people are fed up with historical-only thinking. Historical thinking spoken aloud is not at all reflective of the deep-seated frustrations that people
*********
feel
*********
nowadays against the same hot-air-historical-statements.
Mr. Henderson has achieved his post at General Motors in context with a national mindset of an entirely new paradigm shift.
“Historical” impediments no longer count, nor should the past (now cast to the past) matter now to most people. Those anchored in historical statistics, are entrenched in a sort of obsolete way to attempt to conceive future truth.
Obsolescence will always, always, always let them (and you) down, time, time, and time again if you allow obsolescence ANY credibility in your thinking and decision making.
I see this several times a week, with type “X” management, and type “Z” management. (Type “Y” is 80% of what is out there, which is good management),
Type “X” managers and service writers are “slave drivers”, (although they can be perfectly polite in being so), who will (politely interfere or) attack a technician for “not getting production (jobs) done quickly enough”. “We’ve got cars to fix around here”, or “There are customers waiting in the waiting room.” “What’s holding you up with getting that vehicle diagnosed, fixed, and verified?”
Ten percent of technicians have this sort of “hell” to be caged up with every day. Complex tasking (diagnostics) must never ever be interrupted. The teaching of diagnostics must have it’s own complete privacy from management directives during the seminar times).
Type “Z” management is just the opposite. Type “Z” management lets techs do just about anything they want at any time. This usually leads these techs (while they are smart people), to lapse into closed-mindedness and terse-willfulness to never be able to accept that there are far better and priority-accurate ways to do diagnostics instead of their own obsolete and inaccurate ways. (They “make” that shop more money due to not getting the job completely diagnosed as to service priorities in the first place).
80 percent of shops are run by highly talented and reasonable management. These become and are, my long term friends and customers.
(I am extremely fortunate and honored to have so many L-1 advanced techs and highly dedicated other techs as my close friends).
There are 98 shops I know of that are run by highly efficient type “Y” managers. I have trained 121 shops so far.
When I listen closely to whatever a manager or CEO says, every single word spoken is consistent with one of those three categories of management.
Mr. Henderson is a type “Y” manager, and deserves to be highly respected by everyone. I certainly do. You should too.
Dan Petit.
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June 17th, 2009 at 5:41 pm
Bankruptcy is litigation, and litigation is a civilized form of war. As in war, in litigation there is always a plan, but rarely do things go according to it. Sixty to ninety days is a short time frame, and so far things are not exactly moving at a torrid place.
As for GM’s financial health, Jackson in #7 is right that the economy is the critical issue, and it’s way too early to be starting the party. It’s like housing starts: up 17% sounds great until you realize that the base we’re up from is 25% of what is was four years ago.
I’ll second statik that any prediction about oil prices is like reading tea leaves. The last time we had an oil bubble prices stayed down for over ten years. Unless you have a crystal ball it’s impossible to predict.
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June 17th, 2009 at 5:44 pm
Today is June 17th, and according to my guess, that means the first IVer has been assembled and they are working on number 2. So the question we have to ask ourselves is this, does Lyle feel lucky or will have to wait months to have a charging sustaining mode assessment.
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June 17th, 2009 at 5:56 pm
#21 Dan Petit said:
“There are 98 shops I know of that are run by highly efficient type “Y” managers. I have trained 121 shops so far.”
—
For some reason I can’t get the image of Rain Main and the ‘toothpick’ scene out of my head when I read your post.
(at 4:05)
http://www.youtube.com/watch?v=vqbXPfaN_VM
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June 17th, 2009 at 6:03 pm
Statik @ 11,
“…if there was ever a case to be made that oil was going to stay under a hundred bucks for the next ’several’ years, a GM forecast of the future suggesting the opposite would be high on that list”
_______________
ahaa. Finally. Some solid indication of oil price stabilization.
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June 17th, 2009 at 6:15 pm
I could really do without the recurring references to “fascism” and “Hitler” here. If you want to see parallels to the above, read Naomi Klein’s “The Shock Doctrine”, particularly the chapters on the rise of the privatized military “contractor” and “security” industry. I read that Blackwater just changed their name, LOL. I don’t see where this stuff advances the goal of LJGTVWOTR!!
#4 CorvetteGuy:
What I want, and what brought me here, is a GM product equal to or better than a Prius. When you get one let me know. I’ll be there within 24 hours with the cash.
I cannot tell you how many times Chevy salesmen have told me how they long for something like a Prius. The parts manager of our local dealer said the other day,”Why can’t they send us something we can sell?” So frankly, I fail to see how the President’s task force can do any worse that GM itself has done over the past few years.
What do you think the customers want?
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June 17th, 2009 at 6:16 pm
I want plug-ins for their many benefits. So, my government wants plug-ins to succeed also, as do many other goverments. Is that a bad thing? No. It makes a lot of sense. Is Obama designing cars? No (but I bet he’d do a good job at that too).
The world economy is stressed. From what I’ve read, the US government needed to make some moves to smooth things out or things would have been more chaotic. GM BK is part of that. Some predicted that the good/bad BK couldn’t work or was illegal. It hasn’t blown up yet. Good job to all the players. Let’s get through the hard times with as little pain as possible. Let’s come out the other end with an EV traction. I hope GM thrives and buys out the government shares, which is the stated objective.
…Obama is Hitler? WTF? If the US goverment is facist, call me a facist. BTW, haven’t fringe types been publically fearing the government since before the US existed? The “The End is Near!” sh|t is so tiresome. Instead of freaking out, we need to “git’r” done with intelligence and pragmatism.
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June 17th, 2009 at 6:30 pm
#24 statik
Did you mean “Rain Man”? If so, I didn’t see it, or, it was so long ago that I don’t remember that scene. New information displaces old information, so, as much as us techs need to learn all the time, we often sound like historical idiots to those who are fond of award-winning movies.
(Yet another reason why some people I know think I’m boring, and, they are right. Pun as well as reality intended.).
We generally get tasked in life (or inherit dominance) to think on the right hemisphere (which is history and language), or, we get tasked in life (or inherit dominance) to function out of the left hemisphere, (discovery, analysis, and future).
I like to think of statements that people make as “history channel” or “discovery channel”.
That way, you can often tell if you are going to get someone to think about discovering new ways of thinking, or, if they seem to have a need to stay in a comfortable-past for some reason. This tells me right away what kind of tech-seminar participant I have, and, how to structure the Seminar.
Dan.
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June 17th, 2009 at 6:52 pm
@Noel Park 26
“What do you think the customers want?”
An EREV Pickup truck!!!!
That’s what I want!!
Bare bones, stripped down Ghetto version, just an EREV pickup truck DANGIT.
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June 17th, 2009 at 6:56 pm
#8 LWesson
My first car was a 1967 Pontiac GTO. I’m still kicking myself for selling it to pay for part of college.
I think GM might end up kicking themselves if one of these former divisions makes a better electric car than they do!
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June 17th, 2009 at 7:00 pm
@CorvetteGuy 30
“I think GM might end up kicking themselves if one of these former divisions makes a better electric car than they do!”
The dudes that bough Hummer already have a headstart with Raser. All they have to do is build the shell at their low cost mfg plant and ship it to Raser for the OEM retrofit and voiala!
The Governator alreadh had a drive in one….
http://www.rasertech.com/media/videos/governor-schwarzenegger-with-hummer-at-capitol
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June 17th, 2009 at 7:02 pm
New people, (at the old companies),
thinking in new ways,
making new things,
making new jobs,
making the new green economy,
it seems to me.
Dan.
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June 17th, 2009 at 7:06 pm
#28 Dan Petit said: “#24 statik: Did you mean “Rain Man”? ”
——————
Frick…another aside ruined by bad spelling and/or grammar.
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June 17th, 2009 at 7:17 pm
DonC
“I’ll second statik that any prediction about oil prices is like reading tea leaves. The last time we had an oil bubble prices stayed down for over ten years. Unless you have a crystal ball it’s impossible to predict.”
Ten years of stable, low oil prices would surely be good for the world’s economy for that 10 years but that ain’t gonna happen this time unless you believe the Saudi’s about supply. Recoverable oil is cheap or quick to access. Nobody knows when the world economy will truely recover but when it does, $100-130 will be cheap for a barrell of oil unless we displaces a LOT of it’s uses. It’s kind of a catch 22 since any world recovery will probably be bumping up against oil prices.
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June 17th, 2009 at 7:18 pm
#27 ThombDbhomb:
Thanks.
#29 CaptJackSparrow:
I think that I have agreed with you on that one about 20 times over the months.
#30 CorvetteGuy:
I’m not to worried about it. Not in my lifetime. I have a sad sense that Roger is going to turn Saturn into a platform for selling Korean (Chinese?) cars. I’m not buying any of the above.
#31 CaptJackSparrow:
Posing with the Governator does nothing for their credibility, IMHO. I rmemeber when he was first in office. They had a huge PR extravaganza at LAX about their proposed hydrogen fueling station. They had a fake hydrogen tank. Ahnold drove up in his gas (diesel) powered Hummer and plugged in the fake hydrogen hose from the fake hydrogen tank while the cameras rolled. As far as I know, no hydrogen fueling station exists at LAX to this day. For that matter, what ever happened to the “Hydrogen Highway”?
Blatant, double throw down, greenwashing, to put it as charitably as possible. Birds (frauds) of a feather flock together, IMHO.
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June 17th, 2009 at 7:19 pm
Hey…help me out here. I know we aren’t Fascists, but the U.S. seems to headed to ward some sort of -ism. Which one is where the workers own the means of production (GM/UAW/ U.S. Govt.)?
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June 17th, 2009 at 7:20 pm
Nice image, but why feature a Dodge Stratus?
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June 17th, 2009 at 7:25 pm
Just to sort of accidentally get back to the topic for a second, God send that it shall be true.
#11 statik:
I thought that you were a Fritz fan??
As to the suppliers, they had a blurb on NPR yesterday reporting that the Administration had refused to advance any more money to certain suppliers, Visteon and one other were named, and that they are going to C11. The Gummint spokesman said that there are just too many for the market, and that it will be healthy for a few of them to go away. Did anybody else hear that? Isn’t Visteon more Ford related? I wonder if this relates to your comment about supplier issues gumming up the BK?
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June 17th, 2009 at 7:43 pm
20 Lwesson, “I agree that making everything with the 3rd World labor dirty pool labor is ALWAYS on the mind of certain but not all capitalists”
You are right. Almost every company who either outsourced labor or services or moved factories out of the US thought that there would be no consequences to their actions and nothing would happen except that they get higher profits (they sure as heck didn’t lower the prices of anything – ahem, Nike, ahem).
Yet here we are in the worst recession since the great depression and the middle class, once the powerhouse of our economy, has been squeezed out of existence so thoroughly that there is nobody to buy their overpriced sneakers or whatever cheap crap comes out of their basically slave labor factories in the third world.
Congratulations you morons for killing the middle class, the original goose that lays golden eggs. Or at least used to.
Companies are now toying with the idea of paying their workers a living wage so that they WILL have discretionary income to spend on all the crap they’ve convinced us we “need.” They better hope it’s not too late.
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June 17th, 2009 at 8:08 pm
36 GeorgeB, “the U.S. seems to headed to ward some sort of -ism. Which one is where the workers own the means of production (GM/UAW/ U.S. Govt.)?”
Workers owning and having a stake in the profit outcome of their company sounds like a bad idea to you?
I’ll guarantee you that an involved and incentivized workforce would do a darn sight better than the “bean counter” idiots running corporate America today. When you can’t think past the upcoming fiscal quarter you are doomed to make stupid (fatal) decisions.
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June 17th, 2009 at 8:13 pm
#36 GeorgeB
Hey…help me out here. I know we aren’t Fascists, but the U.S. seems to headed to ward some sort of -ism. Which one is where the workers own the means of production (GM/UAW/ U.S. Govt.)?
__________
I know there are many that think American workers are too stupid and undeserving of the term but I call American workers who own parts of American firms capitalists. Some see a person working for a living as too limited to have any value as an individual. I think man or woman working in a firm to insure ongoing profits in the form of rising share prices and dividend growth to increase their own wealth, would work in a system called capitalism.
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June 17th, 2009 at 8:15 pm
Many EV and EREV will be available before GM arrives at meaningful production levels. GM is always just a year or two from releasing their gas station killer. I have my doubts on the above mentioned forecast.
Will the EV and EREV of 2011 be able to compete with the conversion shops? Buyers will be shopping for Yaris, Cruze, and Civic-like gasoline cars -OR- EV and EREV. I see a market for 8 year old imports getting a conversion face lift to electric power.
=D~
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June 17th, 2009 at 8:23 pm
#38 noel park said:
“#11 statik: I thought that you were a Fritz fan??”
======================
I actually very much am (well, as much as one can be in this situation).
I like his slightly unpolished self…and I have long said (for about the last 2 years of Wagoner’s reign) that he is/was the exact right man for the job at GM when things are/were death spiralling. He is still the right guy in this process today…and for GM’s short term future coming out.
However, once/if things are ’stable’ at GM, and the SAAR is once again returned to more of the norm, GM needs to pat him on the back and say, ‘good job’ and retire him out.
For all of the bluster, hyperbole and crazy vision of the people he displaces (Lutz, Wags, etc)…he has very little, if any. Once GM has a foundation under it, someone has to lead them forward, innovate and take the big chances…he is not that guy. (imo)
/predicting the future is not ‘in his bag’ of tools.
Now, identifying redundancies, useless products/idealogies, and the general preservation of capital and streamlining of processes (with a fundamental understanding of economics and accounting the last XXX CEOs did not)…definitely his forte.
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June 17th, 2009 at 8:42 pm
#26 Noel Park
What do they want?
I can’t speak for all of my customers, but I can tell you some of what I observe:
1. Easier Credit Approvals. >>> This one is the customer’s own fault because Chevy Buyers are generally not ’savers’. So most of them show up with little or no money down. Currently, banks will finance 80 to 120% of the ‘wholesale value’ (on used) or ‘invoice’ (on new). I totally understand why the banks do this, but it would be great if they could go back to financing the MSRP or the TOTAL minus Taxes and Fees. The Government runs GMAC. Have them loosen the purse strings.
2. Half-Ton (1500) Crew Cab Pickups under $30,000.00 before Rebates >>> Which makes me wonder if all of these cost-cutting measures that GM is going through will be seen on the window stickers.
3. A Base Model Tahoe under $35,000 before Rebates >>> Or is it possible to eliminate Rebates and just lower the price of the vehicles across the board?
4. The replacements for the Aveo, Cobalt, and an update to the HHR styling. All of these are seriously dated in the styling department. The prices are right, but they need a whole lot more in the “passion” department.
5. An EREV Chevy Cruze would be great, but until then just bring us a 36 to 39 MPG Cruze as soon as possible!
6. Of course, bring on the VOLT. No for profits obviousely, but for image. GM and Chevy need it.
Now, ask me what I want!!!!
1. A new series of TV and Radio commercials for Chevrolet. And how about stepping up for a decent “Jingle” ??!!! You know, a catchy little tune that you can’t forget!! And it certainly wouldn’t hurt to have an appropriately SEXY SPOKESMODEL, but in a tasteful manner of course.
2. A HUGE “RIDE AND DRIVE” EVENT for the VOLT > Just like Mercedes and Smart did for the “ForTwo” – - – where ordinary people can get the opportunity to really take a VOLT out for a nice but short drive.
3. (Since I’m dreaming anyway) The same as #2 above, but for the Camaro SS.
4. A nice raise, and a VOLT for my demo car.
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June 17th, 2009 at 8:55 pm
#44 CorvetteGuy
…4. A nice raise, and a VOLT for my demo car.
_______________________
Funny how every one working says, I want a nice raise and better perks, and all the consumers say a lower price and added features.
Funny how that works out. You don’t see many people saying, sales are down and the company’s not doing well, I really want a smaller paycheck and fewer perquisites, whoo waa!
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June 17th, 2009 at 9:05 pm
All Managers here had a $500 per mo salary cut last June when the bottom fell out. I’m not asking too much…. I hope.
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June 17th, 2009 at 9:10 pm
I would ask for a ZR-1 demo, but that might be a bit out of line.
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June 17th, 2009 at 9:18 pm
#46
CorvetteGuy
__________________
My bad. It wasn’t a comment on your situation, more like a view of human nature in an economy based on individual choice, kind of observation.
I was just thinking that from the first day I started working, every employee thinks they’re making too little and every employer thinks they’re paying too much.
Somehow the work gets done, and the pay checks are sent out!
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June 17th, 2009 at 9:38 pm
Dan Petit
You are a strange bird, and I like strange birds.
I sometimes read your posts and wonder what the heck you said, then sometimes your post seem to stretch into deep and complicated life choices.
Are you Batman?
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June 17th, 2009 at 10:19 pm
49 JEC, (to Dan Petit) “Are you Batman?”
Funny! LMFFAO
=D~~NOPLUGNOSALE
ELECTRIC CARS + 40% NUCLEAR POWER + 10% HYDRO/TIDE POWER + 50% SOLAR AND WIND (0% COAL/FOSSIL FUELS!!!) = AMERICAN ENERGY INDEPENDENCE and ENVIRONMENTAL PROTECTION
… and Jobs For Americans! ! !
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June 17th, 2009 at 10:20 pm
#21 & 28 Dan Petit said:
“Historical” impediments no longer count, nor should the past (now cast to the past) matter now to most people. Those anchored in historical statistics, are entrenched in a sort of obsolete way to attempt to conceive future truth.
I like to think of statements that people make as “history channel” or “discovery channel”.
That way, you can often tell if you are going to get someone to think about discovering new ways of thinking, or, if they seem to have a need to stay in a comfortable-past for some reason. This tells me right away what kind of tech-seminar participant I have, and, how to structure the Seminar.
Dan.
—————-
I generally avoid posts like this, lest we travel/stray too far off course. But just this once…
Generally how I feel about anyone attempting to discover, predict, or develop the ‘future’, is they first have to know the past, then the present…and only then move into the future.
To have a grasp on the future, to foreshadow a outcome or reality, or to innovate/invent, you must first know all the things that everyone else does about that subject, then take that base of knowledge and be able expand upon on it.
If you don’t have that solid base to work from you can’t jump to the next level, and no ‘new way of thinking’ can make up for this shortcoming…more likely you will just come to a conclusion or ‘create’ something already in existence quite simply out of your own ignorance, rather than actually advancing anything or thought in a meaningful way. Most make this mistake…and then cannot understand how, or where they went wrong. (imo)
/wait, what are we talking about now? lol
(This is why I generally don’t comment directly on your posts. Your a puzzler, and I confess to not really being able to put my finger on just what is happening with you, where you are coming from, or what (or with whom) you are specifically trying to express when you post. Thats not a knock…I personally just don’t like to comment/reply before I fully understand the content or the context of which it was posted)
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June 17th, 2009 at 10:44 pm
#35 Noel Park,
Where is the H****** station on the west side that the movie stars driving the Honda Clarity are using. Sure feels good as a taxpayer to have the chance to subsidize a bunch of rich and famous customers of one of Japan’s largest industrial corporations in that endeavor. Not.
I tried posting to AllCarsElectric under the Tesla chairman $10 gas posting. I thought well this isn’t so bad, until I got to 500 chars and my rant sounded vastly more uncoherent than usual
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June 17th, 2009 at 10:52 pm
Lyle, we’d want you to hear this from one of us first…
The Los Angeles police department is getting to lease 17 Mini-E’s for (drumroll please) $10 per month!
http://www.autobloggreen.com/2009/06/17/los-angeles-county-sheriffs-dept-gets-a-steal-of-a-deal-on-mini/
PS, tried to post this in the Mini-E article but none of the comments are there! Weird.
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June 17th, 2009 at 11:00 pm
What was this thread about?????????
GM Bankruptcy, Fritz’s Crystal Ball, Hitler, Facists, VW, Rain Man, ESOPS, the folly of Hydrogen, bad capitalists, good capitalists, and statik trying to decipher Dan’s posts………..
That is just too much for a single thread!
I think Van is correct @ #23: It is time to see and read some reports about an IV unit!
Show Me The Car!!!!
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June 17th, 2009 at 11:05 pm
Statik #51
I have a great and detailed reply to your comment. Only it should be sent to a web site titled, The functions of consciousness in mediating the right/left brain hemisphere conundrum, instead of GM-Volt.
In any case, you failed to mention one of the most important aspects of getting a grasp on the future. Having your crystal ball shiny at all times
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June 18th, 2009 at 12:29 am
Lyle, what’s happening with the MINI?
GO EV !!!
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June 18th, 2009 at 1:18 am
“Henderson also said he expects oil prices to reach the $100 to $130 barrel range within the next several years and stay high.”
Hmm… try by next year (2010) or the following year at the latest, lol.
That’s really awesome about GM though. Downsizing and getting more sales. I’m honestly really optimistic about them and think that by 2015 they’re gonna be on top of the auto business again. I know we have many years to go, but GM really sounds like they’re gonna have their shit together. Mr. Henderson sounds like the perfect person to get them there.
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June 18th, 2009 at 6:04 am
Me #34
“Recoverable oil is cheap or quick to access”
Sheesh…is NOT cheap…
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June 18th, 2009 at 6:27 am
#19 Lwesson said
Very curious indeed. Obama, with the bailout candlestick in the Library…
—————————————
Methinks I detect an allusion to a once-popular board game
Nice.
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June 18th, 2009 at 7:01 am
We’re kind of drifting along here, waiting for some solid news on the IV’s, so the thread is wobbling a bit, but I think it’s important to look at where the bankruptcy is taking GM in the long term. Not being part of the auto industry, I see GM as a holding/management company that manages car companies (Chevy, Buick, GMC, Caddy) and, having failed, must find a new model to work to. Part of that model is to transfer a portion of their equity (negative at this point) to the UAW.
For the life of me, I don’t know what the UAW would want with a hugely unprofitable company other than to preserve jobs. Right now, those jobs seem important, but as the company continues to be unprofitable (which it most likely will be) the UAW will have to bear the financial responsibility for those loses. Having invested no capital in the process, the loses will have to be carried by whatever assets the UAW has on hand in the next few years. How many years will the UAW be able to support multi-billion dollar loses?
I have been a loyal GM customer for 30 years and am saddened by what has befallen GM, but I believe a shrinking market would be better served by separating the individual companies and letting them stand or fall on their own. It has become apparent that the economies of scale that a holding/management company promised to bring to the auto industry are not materializing in the current market. IMHO, the bankruptcy plan is a slam dunk intended to pawn off a bad asset (GM stock) on a party unable to live up to the long term financial committments (UAW). Sounds like the sub-prime mortgage fiasco all over again.
This is not a swipe at the UAW! I have all the respect in the world for the U.S. auto industry. It’s just that the model we are working to is broken and I get the feeling we aren’t thinking this through as thoroughly as we should. THe U.S. needs a first-class auto industry but perhaps not a “too big to fail” consolidated company.
Sorry if I’m in the minority here….I just think a rush to resolution might cause some real damage.
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June 18th, 2009 at 7:19 am
#55 jeffhre said:
Statik #51
I have a great and detailed reply to your comment. Only it should be sent to a web site titled, The functions of consciousness in mediating the right/left brain hemisphere conundrum, instead of GM-Volt.
In any case, you failed to mention one of the most important aspects of getting a grasp on the future. Having your crystal ball shiny at all times
—-
I instantly regret that post this morning, lol. I knew even as I was writing, it would be misplaced here on these forums …but I just had to hit ’submit.’ (Darn you and your use of the ‘return’ key now Dan Petit…suckering me in)
I was pretty sleepy and went straight off to bed early after that…so I’m going to blame it on that.
========================================
========================================
#58 Koz said:
Me(Koz) #34
“Recoverable oil is cheap or quick to access”
Sheesh…is NOT cheap…
—–
I’ve never made that mistake. How embarrassing for you.
…at least not yet today, (=
========================================
========================================
#19 Lwesson said, “Very curious indeed. Obama, with the bailout candlestick in the Library… ”
#59 noel park said, “Methinks I detect an allusion to a once-popular board game Nice.”
————–
Wait, don’t tell me…its the Beauty and the Beast board game?
http://www.fidella.com/fidgermany/fpicsger/batbgame.jpg
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June 18th, 2009 at 7:49 am
I believe that GM can do much better at leveling off from bankruptcy than Chrysler. It appears to me that GM is taking the bull by the horns and being very proactive in slimming down to a functional sized business. I see GM getting rid of their ash and trash whereas, I do not see this in Chrysler.
In comparison, GM is acting much like the ole GM when they wanted to succeed. Now! not to start giving away the farm to labor and buying up everybody’s junk and, giving out those DAMN BIG BONUSES to non functional executives. Have them earn every penny.
If the executives want to have back slapping parties, let them pay for them out of their pockets, that is what labor (i.e., The Blue Collar Worker) would have to do.
Keep messaging VOLTEC for that is the new GM future and if, they can keep their eye on business, GM will be something worth investing in [SOON].
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June 18th, 2009 at 7:57 am
Now that GM, in connivance with the UAW-controlled administration, has screwed their bondholders and shareholders, good luck finding future capital in the open market. Investors have long memories and
one misstep by GM or one slide in th popularity of just one or two important models, and GM is ready to slide back into bankruptcy, and this time they can’t get out of it by destroying others. I figure that the chances of GM hitting home runs and triples for the next decade are near zero. And when the Chinese enter the North American market and start muscling out the interlopers in theirs (read – GM, Toyota, Honda) , GM hasn’t a prayer. Henderson predictable did what his predecessor Wagoner would surely have done – do as little as possible and survive to retirement. With execs like these, GM would have never survived the 1920’s, let alone the 1930’s. I feel sorry that GM is saddled with such weak people at the top.
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June 18th, 2009 at 8:06 am
Keep messaging VOLTEC for that is the new GM future…
__________________________
Also investing in BAS+ and Two-Mode and Two-Mode with Plug certainly don’t convey that message, especially when pushing traditional vehicles still.
Most consumers won’t have a clue what GM plans are for Volt.
Rather than spreading themselves too thin with brands, it will now be technologies.
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June 18th, 2009 at 8:08 am
Here are some of my philosophies that might help.
If you want to be independently employed all your life, you must run your business plan 3, 5 to 7 years ahead of everyone else, and, strive to do the most valuable-marketable/needed work.
This usually poses some sort of unintended “role-strain” at any given time to who your competitors perceive themselves to be, and, to that extent, these competitors may over-react and attempt do whatever possible to slow your progress (which attempts can backfire badly for them).
Another thing I do not like is if something is oversold, or over-marketed/over represented to the extent that a prospective buyer is being sold something not entirely (or at all) appropriate (and certainly not cost-effective) to their business or personal needs.
I tell people at least 8 times a day “Your business does not need that” (for the extremely limited return on investment, that you would get back) for your type of market traffic”, and strongly advise that they not buy something. That is an extremely valuable service very much under-practiced today.
My often excessively-long posts are an attempt to help provide reference points for something technical, but, often, there are not easier ways to express detailed benchmarks for technologies. (At those posts, I am attempting to share with GM engineering and GM marketing, everything I possibly can, as I remember something that I think they might benefit from).
This site graciously allows me to post in attempting to provide these benchmarks that I hope more people would read. (I doubt any other would be so kind),
Getting people to increasingly think more deeply is the antithesis to most “easy-street” media, many of whom do not want any of us to increasingly think more deeply. (Their messages would be increasingly dismissed for the frivolity that they are 98% of the time.)
More waste occurs on this planet every day from the “shoveling of auto parts and auto service equipment out the door” (and much of everything else for that matter) which misdirects the hard-earned and very-limited cash of the consumer to a continual condition of minor “pay period” bankruptcies.
Media marketing is all about that to the greatest extent, it seems to me.
The Volt is none of those things. The Voltec technologies in practice represent a complete overturning of marketing frivolity.
Your friend,
Dan.
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June 18th, 2009 at 8:34 am
#37 Barry W
why the pic of the Dodoge stratus?
see link
http://answers.yahoo.com/question/index?qid=20071225143519AASx0hC
or maybe your faves got mixed, try here:
http://www.fanpop.com/spots/dodge
looks like a stratus..Hahahahaha
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June 18th, 2009 at 9:30 am
Tim #9, Hear Hear! I feel bad for GM and the employees. The public and loyal GM buyers won’t buy from them because of government ownership. So the future is bleak for GM until the monkey is gone.
Just recently I have talked to two loyal GM buyers going to Hyundai and Ford or ’something else’. GM is in big trouble in the USA. The general public isn’t stupid and they won’t put money down on a losing investment of the Volt. GM needs to make vehicles that make them money, not to make the EPA happy. Good grief.
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June 18th, 2009 at 9:32 am
Help me out here, financial gurus – how does stock investing work through this process? Is it “new” stock? Does it have a new ticker symbol? When is it available to purchase?
I’m guessing Henderson is making statements like this because he knows his job as CEO is to make the stock price go up. It seems that’s what most CEOs do, or try their darndest to do.
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June 18th, 2009 at 9:51 am
#61 statik quoted and said
#19 Lwesson said, “Very curious indeed. Obama, with the bailout candlestick in the Library… ”
#59 noel park said, “Methinks I detect an allusion to a once-popular board game Nice.”
————–
Wait, don’t tell me…its the Beauty and the Beast board game?
================================
Very good first guess and nice pic. Please try again
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June 18th, 2009 at 9:55 am
#29 Cap’n Jack… come now you NEED the rich Corinthian leather and the NAV system… It helps to find the beer store!
#64 john1701a… Voltec in the current form is FANTASTIC for a passenger car but dual mode is absolutely required for heavier duty work. I don’t see a Volt pulling a “bobcat” to your house to do landscaping work.
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June 18th, 2009 at 10:24 am
#39 CS Guy:
Amen!
#44 CorvetteGuy:
Can’t argue with any of that. BTW, one of my customers showed up yesterday in a brand new 2009 1/2 ton Dodge crew cab bought from some downsized dealer in the Midwest for $12,000. It was a V6 and kind of a stripper, but still how do you compte with that.
Remember the Dinah Shore song? “SEE the USA in your CHEVROLET….” Still remember it what, 40 years later?
#51 statik:
“He who forgets history is doomed to repeat it.” I am just re-reading “The Seven Pillars of Wisdom” by T.E. Lawrence. He talks about the tribes of what is now Saudi Arabia, which fought each other forever until a foreigner (Turk) appeared. Then they all joined together to repel the foreigner, and then went back to fighting each other.
He also has a lot to say about Britain’s experiences in Iraq in and following WWI. Eerily similar to our experiences there now. Can anyone say Shiites, Sunnis and Kurds?
Which is also what Winston Churchill said about Afghanistan in 1897.
#52 jeffhre:
I know that Honda has a fueling station at their headquarrters in Torrance. That’s the only one I know of.
As to “allcarselectric”, I hear you. I put up one of my marvels of brevity yesterday, and it took me about 15 minutes to edit it down enough to go, LOL. Oh well, if they don’t want my wisdom, too bad for them.
#61 statik:
I can’t take credit for RB’s comment. I get in enough trouble on my own. But I think it’s “Clue” “Colonel Mustard in the kitchen with the knife”, says I.
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June 18th, 2009 at 10:26 am
Review of the Volt…Best line here..
“what it means to the consumer is very simple: Unlike a pure electric vehicle which essentially becomes a horseless carriage once the batteries are depleted, the Volt will run for as long as you feed it gasoline”
http://en.autos.sympatico.msn.ca/resources/article.aspx?cp-documentid=20438080
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June 18th, 2009 at 10:34 am
Voltec in the current form is FANTASTIC for a passenger car but dual mode is absolutely required for heavier duty work. I don’t see a Volt pulling a “bobcat” to your house to do landscaping work.
_________________________
The technologies are not mutually exclusive like that, nor are they being promoted that way.
You, like many here, feel Volt is the new standard… disagreeing with the strategy GM is proposing with BAS+ and Two-Mode.
It’s the disagreements within which tore apart old GM. The new GM seems to be going down that very same path. Why is that so hard for some to see the pattern?
In other words, please explain what the plans are for each technology… volume, price, and vehicle size/type.
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June 18th, 2009 at 10:35 am
Big plans don’t always pan out. At this point I will believe it when I see it in relation to the 14 hybrids they expect to bring out by 2012. If they are no better than the current two-mode hybrids, GM should not waste their (our) money. Come on, GM. Can’t you at least bring out a vehicle that successfully competes with the Toyota Prius? And I don’t mean the Volt. I mean a gas/electric hybrid that gets 50+ MPG and seats 4 to 5 people comfortably – like the Prius.
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June 18th, 2009 at 10:48 am
#71 noel park said:
#51 statik:
“He who forgets history is doomed to repeat it.” I am just re-reading “The Seven Pillars of Wisdom” by T.E. Lawrence. He talks about the tribes of what is now Saudi Arabia, which fought each other forever until a foreigner (Turk) appeared. Then they all joined together to repel the foreigner, and then went back to fighting each other.
He also has a lot to say about Britain’s experiences in Iraq in and following WWI. Eerily similar to our experiences there now. Can anyone say Shiites, Sunnis and Kurds?
Which is also what Winston Churchill said about Afghanistan in 1897.
#61 statik:
I can’t take credit for RB’s comment. I get in enough trouble on my own. But I think it’s “Clue” “Colonel Mustard in the kitchen with the knife”, says I.
===================
Wow, been along time, but I read that book (autobiography?) myself back in my ’school days,’ I did however watch Lawrence of Arabia recently, so that has to count for something right…right? lol
If anyone else is interested in reading it (but never got around to it), there is a free text file hosted on the web for it:
http://www.gutenberg.net.au/ebooks01/0100111.txt
—
As to the board game, I’m pretty sure Lwesson meant the Beauty and the Beast game, what is this “Clue”? …never heard of it. (=
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June 18th, 2009 at 2:18 pm
Regarding Lwesson’s allusion, Noel Park at #61 says … I think it’s “Clue” “Colonel Mustard in the kitchen with the knife”, says I.
———————————————————————
That’s what it seems to me to be. Clue required the winning player to solve the murder by announcing the person, the weapon, and the room of the mansion, just the form used by Lwesson when he says “Obama, with the bailout candlestick in the Library…”
Perhaps Lwesson was smiling inwardly as he wrote, wondering if we diligent members of the allusion watch would smoke him out.
I realize Clue is totally off the subject of the post but, really, how can a CEO be any better at forecasting things like oil prices than are the many other people who spend full time making such forecasts, using better data, and using serious money to hedge prices one way or another.
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June 18th, 2009 at 3:08 pm
I am glad that GM is moving along and doing what they need to do so that they can return to being profitable. I am sad they are closing down Pontiac. I have my third pontiac and have been a big fan of the brand. I do own a Trailblazer to for utility and family hauling purposes. However I would love to purchase the 2014 Pontiac Grand Am Voltec.
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June 18th, 2009 at 3:26 pm
#19 Lwesson said, “Very curious indeed. Obama, with the bailout candlestick in the Library… ”
#59 noel park said, “Methinks I detect an allusion to a once-popular board game Nice.”
#61 statik said: “Wait, don’t tell me…its the Beauty and the Beast board game?”
http://www.fidella.com/fidgermany/fpicsger/batbgame.jpg
#71 noel park said: “Statik, I can’t take credit for RB’s comment. I get in enough trouble on my own. But I think it’s “Clue” “Colonel Mustard in the kitchen with the knife”, says I.”
#75 statik said: “As to the board game, I’m pretty sure Lwesson meant the Beauty and the Beast game, what is this “Clue”? …never heard of it. (=”
#76 RB said: “That’s what it seems to me to be. Clue required the winning player to solve the murder by announcing the person, the weapon, and the room of the mansion, just the form used by Lwesson when he says “Obama, with the bailout candlestick in the Library…”
=====================
Alright already, I give!
…you guys are killing me with the deadpanning off the joke
/of course it is clue, I submit (=
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June 18th, 2009 at 3:53 pm
Auto sound toys provides top quality name brands products like audio,satellite radio,car security,car gps navigation system.
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