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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.

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RE: Price
By Dwayno on 12/18/2008 11:14:23 PM , Rating: 0
Take off your own, and look at Detroit high school graduation rates. Look at the price of homes in Michigan, some of which have sold for a dollar. Look at their unemployment -- and not just current unemployment, but the rate going back ten years. Check out their budget problems, which aren't exactly new. If anywhere in America comes close to resembling a dysfunctional, rapidly failing socialist state, it's Michigan.

Actually, the houses that sold for a dollar were homes that had been abandoned and the dollar had nothing to do with the value of the home. It was started to give people who couldn't afford a home a way of owning a home by putting in their own sweat equity. I find it interesting that you refer to only 10 years. The unemployment has actually been going on for over 30 years. Detroit is centered around it's manufacturing was centrally located for all raw materials it needed for manufacturing. Cars was chief among that and therefore one of the largest employers. The Detroit auto industries have been shrinking since the late 70's...the unemployment numbers will back that up. As far as the difference in housing prices, the COSI is only updated at timed intervals, measured in this probably doesn't reflect the latest and greatest figures. However, it was acurate and relative when it was updated. Having done a lot of corporate traveling, my per diem was based on the government numbers from the cities I stayed in.
As for unskilled labor, they've traditionally stayed in one place and worked for, or tried to work for, the same company for 30+ years until retirement. And in this day and age, where health services, IT, and other skilled professions are growing and manufacturing continues its multi-decade trend of shedding workers in favor of automation, who do you think has more options for work? Someone who has made bolts for 20 years or an accountant? (Hint: Even in this economy, I've got an accountant friend who has the enviable 'problem' of choosing between multiple job offers)

Your high ground approach to skill vs. unskill completely fails to acknowledge the industry where the unskill continue to see the service industries. Unskilled labor is still used to clean up the mess you leave behind at work and in your hotel room, to work the McDonalds that feed you when you're too tired or in too much of a hurry to make your own meals, to check out and pack your grocery bags (the foods that you purchased all being packaged by unskilled labor), etc. These jobs will never be filled by your accounting friend, but they are still in high demand, and as long as that demand is there, the worker will stay. Is this a bad thing?
Thanks for the union propaganda. I guess doctors, bankers, lawyers and other early professionals before labor unions were ever first formed who still were well compensated should thank yet-to-be-created labor unions?

God. You ARE arrogant! Doctors, bankers, and lawyers were people that perpetuated a class structure. They had the most buying power and used that to hire the "less fortunate" as servants. And they ruled these people with absolute authority...if a doctor didn't like a nurse, you're fired. Also, it was up to each of the three professions you listed to define an employee's value...if his nephew did the same job you did, he had the option of paying them more or promoting them over you no matter what your qualifications. Higher than grade school education was only reserved for the rich. A lot of people were even lucky to complete a grade school education. The unions help to level a playing field that treated people that were not the "cream-of-the-crop" like dirt. What the unions accomplished had a direct correlation to the rise of the middle class.
You associate a degree with "skill" only means that you have completed the educational requirement for that curriculum. Real world education requires real world experience...until you actually do something, it is not a skill.
BTW...General Marcus Agrippa probably ate the best food while his men ate his rotting table scraps.

"Well, there may be a reason why they call them 'Mac' trucks! Windows machines will not be trucks." -- Microsoft CEO Steve Ballmer

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