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"New" GM looks, acts a lot like "old" GM
If you believe GM/"new" GM/"remnant" GM CEO Fritz Henderson that he intends to repay all government loans by 2015, then I have a brand-new 2009 Chevy Volt to sell you. Of course, with global warming denier Bob Lutz tapped to be GM's new marketing head, you wont' find a car like that on eBay or anywhere else.
In fact, contra GM's rushed claim, you won't find it on eBay at all. Not right now or in the near future. So, what WILL happen to those "green" cars Obama wants GM to sell? (Oh, and take note, at the first link, of how overvalued a price Team Obama has for GM, if you do the math on the loan value and the equity stake.)
So, between wrong announcements, "old" GM top brass touted for new jobs, and even "New" GM not expected to actually finish clearing bankruptcy for a full year or more, it's likely "new," aka "remnant," GM, will drift further into irrelevance.
In fact, contra GM's rushed claim, you won't find it on eBay at all. Not right now or in the near future. So, what WILL happen to those "green" cars Obama wants GM to sell? (Oh, and take note, at the first link, of how overvalued a price Team Obama has for GM, if you do the math on the loan value and the equity stake.)
So, between wrong announcements, "old" GM top brass touted for new jobs, and even "New" GM not expected to actually finish clearing bankruptcy for a full year or more, it's likely "new," aka "remnant," GM, will drift further into irrelevance.
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Can't wait to see the 2013 models. Government Motors pickup truck with a 5 lb cargo capacity 40,000 lb gross vehicle weight that only makes left turns and unexpectedly slips from drive to reverse.
July 11, 2009 4:46 PM | Reply | Permalink