Comments on: Op-Ed: GM releases Fresh Start Results, Loses 4.3 Billion Between July and December

By: Zach

Zach — Thu, 15 Apr 2010 15:21:14 +0000

How much money did they say the pensions were costing them? Is it that difficult to modify the pension? This isn’t the 1940′s or 50′s. We don’t have 80% of the market share (or whatever it used to be).

I just hope that I misunderstand what was said and that was referencing something far less significant and pathetic.

By: Noel Park

Noel Park — Mon, 12 Apr 2010 18:38:35 +0000

I dunno, it sort of begs the question of who is going to be around to service the wonderful 10 year, 150K mile, warranties? I can tell you from personal experience that corvette parts are getting slowly harder to find.

By: Noel Park

Noel Park — Mon, 12 Apr 2010 18:35:48 +0000

Randy: Exactly So why isn’t anyone talking about this instead of blaming GM for borrowing money from the Govt . If our Govt would stop subsidizing foreign cars with direct payments like Cash for Clunkers and Nissan Leaf rebates also with huge incentives to build plants here our own auto makers may not need to be borrowing money from them.

#104 Why indeed?

By: Noel Park

Noel Park — Mon, 12 Apr 2010 18:34:37 +0000

Randy: We went from a reformed drunk and juvenile prankster for a president

#103 Unfortunately, the prankster and his cohorts put the economy in the ditch. It costs a lot of money to get it out. Should we have left it there? Just remember that all of this bailout action got started under the prankster. TARP anyone?

By: r weaver

r weaver — Mon, 12 Apr 2010 18:11:53 +0000

Every post I read about the Volt and GM brings me to the same conclusion. GM better be able to run their assembly plant(s) 24-7 for quite awhile to keep up with the demand.

If the financial piece is correct about GM wanting to sell the VOLT -

“GM doesn’t want to sell high volumes of a car at a loss, and they don’t want multi-year back order lists. I’d look for a Volt MSRP around $35,000, with less talk about the Volt being unprofitable and more talk of unexpected cost savings. $35,000 would be a competitive price, but would not likely generate huge backlogs, giving GM time to slow roll as Nissan burns through their allotment of $7,500 rebates and battery prices come inline with the asking price”

As for me I am willing and ready to trade my Prius when the Volt ships. The Prius, which I do like, may seem a “tin lizzy” to some but it and the Tesla got Bob Lutz’s attention and now the rest is becoming history. The Prius was a great step to change the public’s and car companies attitudes about what may be possible.

And when 25% of the driving population indicates they will buy an electric car that is a great indicator of the potential of the Volt. GM will have a real hit. Maybe they may will have to open a second plant!