backtop


Print 99 comment(s) - last by hashish2020.. on Dec 22 at 11:48 PM


Chevrolet Volt
GM isn't going to let a little thing like a lack of money prevent the Volt from coming to market in 2010

General Motors has been in a downward spiral all year with lagging sales and losses in the billions. GM and its cross town rival, Chrysler, asked Congress for monetary assistance to stave off bankruptcy by the end of the year. In the end, the Senate failed to hand over even $14 billion USD to the two struggling Detroit giants.

Now as the White House mulls what plan it will present to help GM and Chrysler stay in business during 2009, GM is stating that it will bring the Chevrolet Volt to market no matter what. This confidence in the Volt program comes despite that fact that GM announced yesterday that it would halt the production on a new engine assembly plant which will produce the 1.4-liter gasoline engine/generator for the vehicle.

Despite the setback with the engine assembly plant, billions of dollars in losses, and a production schedule that leaves little room for error, GM is still committed to bring the Volt -- and the Chevrolet Cruze -- to market by the end of 2010 as it has always stated.

If the engine assembly plant is unable to be completed in time to get the production Chevrolet Volt and Cruze out the door in 2010, GM will be forced to rely on one of its overseas facilities to produce the engine according to the Wall Street Journal. Interestingly enough, the Chevrolet Cruze is already available in overseas markets like South Korea albeit with a 1.6-liter four-cylinder engine -- two years ahead of the car’s North American launch.

"Everything that involves heavy cash outlays obviously is under review," said GM spokeswoman Sharon Basel on Wednesday. "Our intent is to still go forward with a new facility bringing that engine to Flint, Michigan."

"Although we are temporarily absolutely stopping all work on everything, the Volt will be out as originally scheduled," added one GM executive.

GM is banking on the Volt to bring it some of the same positive press that has been bestowed upon the Toyota Prius. However, the Prius and its rival, the Honda Insight, have base prices below the $24,000 mark. The Volt, however, will be priced near or will surpass the $40,000 mark before a $7,500 tax credit.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

socialism at its finest
By shin0bi272 on 12/18/2008 7:54:40 PM , Rating: 4
from the top:
The union's have to go. The costs that gm is paying to people who dont even work there anymore and their families is astronomical. Then add in the all knowing government's cafe standards for fuel economy which forces them to make cars that are more and more fuel efficient and not necessarily cars people want to drive. the costs are so high that they were only able to hold themselves in the black while they were selling SUVs. Now they have to sell 7 sedans to reach the same profits that they used to get with 1 SUV.

Then with the 4 dollar per gallon gas prices and the housing market crashing and bringing the credit market with it (and a few banks)car sales fell through the floor and no one was buying SUVs anymore so there goes their profit margin and their positive growth. But instead of renegotiating their contract with the UAW they kept plugging along losing money.

Add to that 2 other very important factors... 1)they arent making cars people WANT to drive. 2) the government is subsidizing the use of hybrid cars. That leads to people driving a car they dont like the look of but they drive it because they got a 5000 tax credit for it (which means that everyone else who isnt driving a hybrid is paying for you to drive one ... thaaaanks).

Now the government is going to bail out the big 3 even though last year gm and toyota sold the same number of cars and gm lost 17billion and toyota made 2 billion. So the guys at GM are continuing their ways that got them into this same mess and begging for money to keep doing it.

Lastly everyone needs to read the constitution and the bill of rights. The constitution says that the only reason the government can collect or lay a tax is to maintain an army, navy, pay for the national debt, and for the general welfare of the country. General welfare meaning things like the interstate highway system... something that benefits the entire country equally not 3 companies or buying controlling shares of stock in 14 banks. The 9th and 10th amendments state that the governments powers are limited to those in the constitution and that anything not written in the constitution or an amendment is a right or power held by the people and the people alone. What all that means is bailing out banks, auto makers, and wall street is unconstitutional.




RE: socialism at its finest
By Fritzr on 12/18/2008 9:25:06 PM , Rating: 2
On the constitution reference. You are correct and many of the things that are done by the Federal Government would be unconstitutional except for two major types of arguments.

1) Failure to do would affect the general welfare of the citizens

When you hear "Too big to be allowed to fail" this argument is being invoked. The Big 3 invoked this when asking for a bailout. They also failed to mention that while their suppliers would lose a lot of revenue, many of the other auto manufactories in the US use the same suppliers.

2) Since the House of Representatives is seated to voice the opinion of the people, when a Congressional Representative proposes a Bill, this is considered a request by the People.

While the Senate was originally selected by the State Legislatures they have been allowed to originate Bills which are legally requests of the People.

Since it is Congress that will allow or disallow this bailout, it is the People who are considered to be speaking. Remember the Congressman is your mouthpiece. So if you have an opinion contact your Congressman and Senator and let them know what YOU want them to say. Also get your friends to do the same. The more people who respond to an issue, the more likely the Congress critter will do what the People want.

You want a Government Rep to hear what you say? Then tell THEM
http://www.usa.gov/Contact/Elected.shtml


RE: socialism at its finest
By shin0bi272 on 12/19/2008 7:33:02 PM , Rating: 2
me personally Ive written my congressman. Hes a democrat and when I wrote him and begged him to vote against the 700billion dollar bail out he (or rather one of his office workers) sent back a form letter in which "he" said that he was proud to vote for the bail out.

That being said Im taking reservations for the date upon which we will all rise up and overthrow the government (not the system but those occupying it). As Jefferson said "when the government fears the people there is liberty. When the people fear the government there is Tyranny." The government ignoring the will of the people when it comes to drilling for oil, nuclear power plants, military use and funding, social programs, taxes, and giving money to individual companies that are deemed by some egghead economist to be "too big to be allowed to fail", to name a few, constitutes tyranny to me. Anyone else with me? Can we please rise up while America is still the land of the free? Plz?

(as a side note to anyone who thinks socialism isnt that bad, France's unemployment is above 13% constantly... we are crapping our pants over half that percentage.)

Lastly can anyone who reads this please check out the constitution party at http://www.constitutionparty.com


RE: socialism at its finest
By Fritzr on 12/19/2008 10:03:27 PM , Rating: 2
You can bet though that your Congressman was paying attention to his mail. The overall trend of opinion letters is a pretty good poll showing the averaged opinion of those willing to speak. If your letter had instead been asking for help with stupid bureaucrats screwing your life up on a one off basis, chances are you would have gotten personal attention (from Staff at least) to assist in solving your problem. Good PR :)

I happen to agree with Jefferson on the revolution item. That was one of the points of the 2d Amendment. However in the interest of making the life of a government apparatchik safer, the people are not allowed to unseat the elected government violently.

There are a few legal options that are out there such as recall petitions. Just get enough people to agree that he has to go and you may be able to get it on the ballot. Not sure if all states allow this though...

There is also the News Media revolution. Stage photogenic rallies in favor of your position and make sure the various classes of news reporters are notified so that they will be there for the photo-op where your supporters can make believe they are the tip of the iceberg of your grassroots support. This form is quite popular in Totalitarian ountries where the government can "ask" the reporters to show up on schedule :P

Smart protesters get the 5 o'clock TV news footage of massive picketing this way. The protest is scheduled to run from 2P to 4P and the reporters are invited to see the "massive protest" and then they run back to put the "breaking news" on the air.


RE: socialism at its finest
By hashish2020 on 12/22/2008 3:16:50 AM , Rating: 1
Firstly, unemployment in France (and Germany) is not calculated or disbursed in the same manner as the US. For example, 8% unemployment in Germany would be the same as 5.5% or 6% unemployment in the US.

Secondly, fuck that retarded party. If you think STOPPING immigration is the way out of economic decline, you are retarded. Not to mention, it wants to take away the BASIC RIGHT of citizenship to people BORN ON OUR SOIL. What's next, only white people born in the US get citizenship?

What the fuck is wrong with you? You want to ban pornography and give the states the right to criminalize sexual behavior?

Go to fucking Saudi Arabia and stop spoiling my nation with the sewage that spills out of your mouth, you traitor to American ideals.


"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki