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#11 |
![]() Join Date: Jan 2009
Location: Portland Oregon metro area (Washington side)
Posts: 3,193
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Before any false rumors get started about any "Obamamobile" at least
check them out on www.snopes.com. You may find some facts there.
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Scott ![]() Vett owner since 1979._It's about the car and the people |
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#12 |
![]() Join Date: Nov 2007
Location: Squires (near Ava MO in the Mark Twain N'tl Forest) - Missouri
Posts: 6,466
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Easy. That would be the Chevy Volt!!
There are other failures in the lineup, but the VOLT is a prime example of the Obama administration's forcing a huge "green" looser onto GMs books; just another torpedo in the side of the GM's ship that is already taking on water. According to David Menzies for MSN Autos, in order for the taxpayers to break even, the 26% of the shares we own would have to be at the $53/share level. However, last week it closed at approx $20/share, and GMs stock is still slipping. People have written books describing what went wrong with GM, but the Chevy Volt and the administrations role in forcing it down GM's (that would be our) throat deserves a chapter all by itself. Bottom line: We all as taxpayers have an vested interest in GM's success. But, as taxpayers, are we going to throw more money at it, or should it go into bankruptcy in order to reorgainize and perhaps survive. Many think that is what should have been allowed to happen in the first place. Who knows...maybe GM would be pulling itself from it's ashes by now? I'd be willing to bet a ham sandwich the VOLT wouldn't be in the portfolio! I hope GM survives, preferably on its own. I'd like to think I could look forward to driving a new ZR1, and maybe even see a mid-engine, 32 valve DOHC Corvette someday. (Well, I can dream, can't I??) David Menzies' article...http://www.thepassinglane.ca/2012/08...13-malibu.html p. Last edited by Paul Workman; 08-25-2012 at 08:01 AM. |
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#13 | |
![]() Join Date: Jan 2009
Location: Portland Oregon metro area (Washington side)
Posts: 3,193
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The Volt was in development years before Obama. And would have come out even if the wretched old senator for AZ would have won. What crap. Might as well blame Obama for global warming while you're at it. And hey why hasn't he (Obama) cleaned up the Ozone layer problem. What's his problem anyway? He's had four years.
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Scott ![]() Vett owner since 1979._It's about the car and the people |
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#14 |
![]() ![]() Join Date: Feb 2010
Location: Pendleton, IN
Posts: 3,899
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That's ok. Maybe we'll only have a couple more months to hear how toned Michelle's arms are and how beautiful she is.
![]() A good speaker does not a President make......... Man how I love my ZR-1!!!!!!!!!!!!!!!!!!!!
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1988 KOH Prototype EX5023 sold 1990 ZR-1 #444 Convertible 1990 ZR-1 Black #966 1991 ZR-1 Quazar Blue #296 1957 Duntov SS Project Last edited by Blue Flame Restorations; 08-25-2012 at 10:56 AM. |
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#15 | |
![]() Join Date: Nov 2007
Location: Squires (near Ava MO in the Mark Twain N'tl Forest) - Missouri
Posts: 6,466
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The financial metrics of the Volt are dismal. Huge development costs, including new battery technology (and now the intelectual property of the Chineese), along with the rest of the clean sheet engineering of the concept, requires the high tip-in cost of the vehicle to too few customers in line to buy one (at that price). And, then there is the cash incentive (ultimately paid by taxpayers) for anyone buying one added to the real cost - which combines to make it a loser that would likely not have survived were it to stand on its viability in the market place - especially at a time when GM can least afford such an expendature. But, like the Solyndra debacle, the writing was on the wall for all to see before the government got involved. And, like the Solyndra, the administration's desire to push a "green" agenda superseded any responsible business decisions where the Volt is involved. The "green initiative" is one of the administrations pet projects to a fault: Putting lipstick on a pig and (the Volt) you still have a pig. In spite of the Volt metrics going over a cliff before the bailout, Once the fix was in, Obama put himself out in front - even did a press conference and even took a photo op in the vehicle and later stood before cameras and reporters to tout the thing as an example of the kind of vehicle that was going to save GM. I'm not blaming Obama for the Volt's failure (to date), but by his direct actions he has his own political skin in the game; a car that is by all accounts a dismal failure. So, IMO, far as it goes - good or bad - it is fair to call the Volt the "Obamamobile" by his own making...is the point. (BTW fab, speaking of crap, do you mean that "wretched old Senator from AZ...the man who served his country and paid a price at the hands of his enemies beyond anything most humans could ever endure? The same man having the courage to give his all in the service of his country so "occupiers" and other ignorant fools would have the freedom to call him "wretched" or the like? That Senator? I dissagree with many things JM supports, but he damn well has earned the respect of all of us - politics or no. IMO, we all should be so dedicated and have given so much to this country as John McCain.) Sorry, Micky D. I don't know what this has to do with ZR1s But, if you do pull the trigger, we expect a full report...and pictures (of course!). I hope you get it. love to hear more about it from the perspective of a ZR-1 driver! P. Last edited by Paul Workman; 08-25-2012 at 11:42 AM. |
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#16 |
![]() Join Date: Dec 2005
Location: Huntley IL
Posts: 170
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What % do the unions own ?
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#17 | |||||
![]() Join Date: Jan 2009
Location: Portland Oregon metro area (Washington side)
Posts: 3,193
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The Volt would have come out either way and it was the right play to make. It is the kind of technology we need. I'm not really sure you use gas in your car. But have you been to the pump lately? And did you know that the stuff we call "gas" comes from outside the US? I know that's all Obama's fault too but bare with me. Lets' say it together. The sky has fallen The sky has fallen The sky has fallen GM took a risk and now The sky has fallen. gezzz Quote:
The sky has fallen. This is all Bush's fault. The development of the Volt as well as the collapse of the real-estate market happened under Bushes nose while he sat around looking for WMDs and reading books to 1st graders. The almost TRILLION dollars wasted (oh and yah tax payers money) looking for non existent WMDs could well have been spent elsewhere. (disclaimer: I do know that the development of the Volt is not Bush's fault, just trying to draw comparisons to blaming Obama for every ill in the country) Quote:
What is all the "green" stuff anyway. Must be another Obama failrue right? There will be plenty of gas forever. We can continue thinking like cavemen and let the future generations deal with it. Sounds like a plan Bush would have come up with. And how dare that Obama guy try to help promote and get the economy going by getting people to spend money. He should encourage people to hoard their money and stay hidden away scared to come out, like others do. All the while claiming "The sky has fallen" Quote:
Oh, I see all war hero's make good elected officials. That's the same kind of reasoning as "hey let's go look for WMDs" is. Just because one is a true war hero does not qualify for being a President. The voters agree, sorry. That war is as much of a black spot on this country as Bush and his search for Bin Ladin and WMDs. Look finger pointing and complaining about the Volt is useless. I applaud the effort that went into the Volt. The technology will move forward even if all the negative articles about the Volt keep coming. There's plenty of examples of that. Take the computer by Apple called the "Lisa". A total economic failure and yet that technology lead to the Mac and that failing company call Apple is now one of the world's largest not just largest in the US. Some say the glass is half empty Some say the glass is half full Others claim the glass is totally empty and full of poison at the same time. I choose to say the glass is the answer. It can be filled with many good things and I don't even have to call it a derogatory name. I think I've made my point about pointing fingers and calling names. I'm letting this go now.
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Scott ![]() Vett owner since 1979._It's about the car and the people |
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#18 | |
![]() Join Date: Nov 2007
Location: Squires (near Ava MO in the Mark Twain N'tl Forest) - Missouri
Posts: 6,466
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#19 |
Join Date: Jun 2012
Location: Conroe Texas
Posts: 315
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OMG! What did I do! My fault. Just wanted to know if anyone here had a new ZR1? I need to go for a drive!
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#20 | |
![]() Join Date: Jun 2012
Location: PA
Posts: 770
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