What is Digg?11 Comments
- JasonZX12R, on 12/09/2008, -1/+6I find it interesting they did admit wrongdoing, very hard for anyone to admit that, much less a giant conglomerate. They sound pretty spot on in their assessment of their shortcomings too. I still am not sure they will be able to turn things around in this climate.
- replaysMike, on 12/09/2008, -0/+5Well deserved for the title.
- whitesmoke33, on 12/09/2008, -1/+5GM = Generally Miserable
- StripeyMagee, on 12/09/2008, -0/+2Don't ***** yourselves, a couple years ago SUV's were 'in'.
- JasonZX12R, on 12/09/2008, -0/+2They appear to be on the way back too, until gas prices go up and its not trendy to own them again.
- slumtrimpet, on 12/09/2008, -0/+1It's funny because you took the letters of GM's name and then fit them to corresponding words regarding the state of their business.
- slumtrimpet, on 12/09/2008, -0/+1Projecting angst toward old white people and Arabs is cool.
- BoneStamp, on 12/09/2008, -0/+1They made gas guzzlers because they were highly profitable, not because the oil companies had some great relationship with them. In fact, if you look back a few years, GM (and a couple other manufacturers) sued a couple oil companies for an additive they were using that corroded fuel senders in new vehicles ($400 warranty job per car). The part was actually made by Johnson Controls, and not GM's fault but GM was on the hook for the repair costs.
- statrick, on 12/09/2008, -0/+1at least big oil got their record profits. i can see the old white ***** and Arabs laughing there way to the bank
we deserve everything we get for putting up with these sub-par products.
who killed the electric car?????
http://video.google.com/videoplay?docid=-254849659 ... - BrettFromTibet, on 12/09/2008, -1/+2GM has been in bed with oil companies for the past 40 years... making gas guzzlers. I don't feel that sorry for them!
- BoneStamp, on 12/09/2008, -0/+1I'm obviously going to get buried for this, but I don't see why GM should apologize for the EV1. Yes, I've seen the documentary and it presents a very good argument: GM spent $300 million on each EV1 and then wanted the product to fail. Any sane person should question this thesis, since it doesn't really sound like something a money hungry company would want to do.
Their thesis was the opposite of the truth. Fuel prices were too low for people to demand electric cars for practical reasons and batteries in the vehicles were too expensive for the vehicle to be affordable (GM leased the vehicles during the EV1 trial at a rate far lower than a profitable rate). Continuing to produce the EV1 at a huge loss made no sense. GM did then exactly what people want them to do now, stop wasting money and design a great car.
They cut their losses on the EV1 and decided to continue research until electric cars were feasible. Instead of battery technology, GM went on to research fuel cell technology. They are committed to the electric car, and the volt is a great idea (2010), but its fuel storage system is just an interim solution until fuel cells are ready. Toyota has tried to trade GM their hybrid technology for GM's fuel cell research because GM is so far ahead.
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