As GM begs, and gets taxpayer money, under the guise that it will transform its production lines for cars of the future, it stops all plans for cars of the future.
From The Detroit Free Press;
"General Motors Corp., working to conserve cash as it pursues immediate financial aid from the White House, today said it has put on hold construction plans for a new Flint plant slated to build the engines for two of its most anticipated new cars: the Chevrolet Volt extended-range electric vehicle and the Chevrolet Cruze compact car.'
“It’s temporarily on hold as we assess our cash situation,” said GM spokeswoman Sharon Basel. “I don’t think it’s a surprise that we’re studying and reviewing everything given the position we’re in.”
How can Congress give your money, in any honest way, to a company that appears to not want to be around next year? GM, Chrysler and Ford have all put themselves in this position by adhering to greed based policies since the late 1950's.
Had the US automakers focused on building cars that could run for 200,000 miles with only oil changes and tire changes, as the Japanese did, they would need NO BAILOUT!
Had they focused on building cars that could run on less gasoline, they would need NO BAILOUT!
Without creating the next generation of vehicles, GM has ZERO chance of selling any cars in the future. If foreign makers, such as Honda and Toyota build them first, and the US automakers are not demonstrably better, GM will fail, anyway.
Any money given them is lost, forever.
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