News Intelligence Analysis
News Intelligence Analysis
[Yurica Report editor's note: The New York Times published an article by Bill Vlasic and Nick Bunkley, "General Motors, Driven to the Brink," October 26, 2008. This is our answer.]
Save GM and Save the World!
October 29, 2008
By Katherine Yurica
There are three ways Americans and the new administration can help to save the automotive industry from total collapse. In fact, it will make America the "hero" of the world! (To paraphrase a line from the Heroes television series: "Save the General and save the world!")
First, I recognize that GM does not deserve our magnanimity-considering how they killed the Electric Car. (There are no words to describe their stupidity.) But keep in mind that GM is building the Chevy Volt for introduction in 2010. And so the company needs to stay in business long enough to get the best darn electric (and or hybrid) autos in the world on the road and create the greatest automotive conversion in history. Think about it! The environment-the very air we breathe will become fresh and clean and life giving once again!
We need to do three things:
1) GM needs to make a bargain with the government and the American people. They must become altruistic. They need to convert themselves into a humble servant of the people. (This will help all of us to forget how they sinned in killing the electric car. See below.)
2) GM needs money. Americans love to give money. We believe in buying war bonds-or at least we did when WWII was going on. Heck, even little kids bought saving stamps--and when they filled up enough in their little books--a bond was issued to them! And the fact is that we're in a war of sorts. We need to regulate the marketplace-enough so that fraudulent elements are removed from it. (I know this goes against the grain of every religious right adherent -but God bless 'em, we're dedicated to converting them to Christianity someday soon.)
3) GM, along with the government, should sell a special kind of "savings" bond so that anyone who would like to help GM can participate. Say 50 million Americans decide they want to invest in the new Chevy Volt or the new-rugged Snark (this latter car is totally a creation of Lewis Carroll and me--he invented the name and I turned it into a new name for a hybrid electric car). Anyway, we start buying these special "savings" bonds to help GM (or Chrysler or Ford) to build these fabulous new vehicles! Maybe we put in $25 a month--that's $300 per year times 50 million of us, give or take a few million, plus the government's oversight and contribution. (Now that's a lot of extra money for GM that should enable them to get that car into the showrooms!) However, don't get too hasty because when the car does come out, GM will look at us loving individual special bond holders and convert our bond holdings into a partial ownership of the new Volts, and they will give a discount on the car equal to or greater than the money we folks have already paid in to Volt ownership. In the end-everybody is happy. And look at those cars! See below.
Now can you find any thing wrong with that? We save the General and we save the earth! What more could we do for the sake of all the little children of the world?
A Blogger at The Nation Describes What Happened to the GM Electric Car--the EV1
'In 1996, General Motors (G.M.) launched the first modern-day commercially available electric car, the EV1. The car required no fuel and could be plugged in for recharging at home and at a number of so-called battery parks.
Many of the people who leased the car, including a number of celebrities, said the car drove like a dream.
"...the EV1 was a high performer. It could do a U-turn on a dime; it was incredibly quiet and smooth. And it was fast. I could beat any Porsche off the line at a stoplight. I loved it," Actress, Alexandra Paul told NOW.
Under the program, two percent of all new cars sold had to be electric by 1998 and 10 percent by 2003.
But it was not to be. A little over 1,000 EV1s were produced by G.M. before the company pulled the plug on the project in 2002 due to insufficient demand. Other major car makers also ceased production of their electric vehicles.
In the wake of a legal challenge from G.M. and DaimlerChrysler, California amended its regulations and abandoned its goals. Shortly thereafter, automakers began reclaiming and dismantling their electrics as they came off lease.
Actress Alexandra Paul in her EV1, G.M.'s electric car.Some suggest that G.M. -- which says it invested some $1 billion in the EV1 -- never really wanted the cars to take off. They say G.M. intentionally sabotaged their own marketing efforts.........' [Click to go back]
http://www.pbs.org/now/shows/223/
Posted by OneVote at 11/17/2008 @ 9:25pm |
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And Read:
"General Motors, Driven to the Brink,"
by Bill Vlasic and Nick Bunkley
October 26, 2008, New York Times
Save GM and Save the World!
October 29, 2008
By Katherine YuricaThere are three ways Americans and the new
administration can help to save the automotive
industry from total collapse. In fact, it will make
America the "hero" of the world! (To paraphrase
a line from the Heroes television series:
"Save the General and save the world!")
More Money for Detroit
A New York Times Editorial
October 31, 2008
Obama Asks Bush to Provide
Help for Automakers
By JACKIE CALMES
November 11, 2008
Panic in Detroit
This is not your father's Oldsmobile we're rescuing.
Jonathan Cohn, Friday, November 14, 2008
Saving Detroit From Itself
Nov. 15, 2008, N.Y. TimesBefore it approves any bailout package, Congress must
insist that any company receiving government money
must commit to a specific plan to improve energy efficiency.
by Jane Hamsher
11/17/2008"Let Detroit Go Bankrupt," says Andrew Sullivan.
With spittle-flecked rage, Charles Krauthammer
writes, "hourly cost of a Big Three worker: $73;
of an American worker for Toyota: $48."
G.M.’s Latest Hope
Is a Plug-In CarNovember 22, 2008
By MICHELINE MAYNARDExecutives at General Motors, the largest and
apparently the most imperiled of the three American
car companies, are using the Volt as the centerpiece
of their case to a skeptical Congress that their
business plan for a turnaround is strong, and that a
federal bailout would be a good investment in G.M.’s future.
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