Toyota and all of the Japanese car companies work cooperatively with the Japanese government through MITI, a governmental agency that coordinates and assists manufacturers and suppliers in a relationship called a zaibatsu. Toyota undoubtedly received government assistance to develop the Prius. So if this is true then why is the Prius a better car and sells cheaper than the Volt? Why would our govt have to give a 7500.00 carrot to buy a Volt?
The Chevy Cruze just finished 4th in a Car and Driver comparison test (May issue) out of 5 cars. It was beaten by the Mazda 3, Ford Focus and Hyundai Elantra, but was very close in terms of overall score. It's a good car. Really? 4th place for a new car is good? The Mazda is a few years old and beat the Cruze...would you choose the Cruze over the 3 other cars that beat it? Is this the best that govt motors can do?
If we'd had an equal disaster, there would be mass chaos because we are spoiled brats in comparison to the Japanese.
This country might not survive a disaster equal to what Japan is going through. However, we can't forget Katrina as mild in comparison as it was. That was a pretty big deal.They are probably working more cooperatively than ever following the tsunami to get everything back on-line. Japan is also a homogenous society, quite unlike the USA. If we'd had an equal disaster, there would be mass chaos because we are spoiled brats in comparison to the Japanese. I realize that the Right thinks we should bring-back the Stanley Steamer and lead-acid battery technology, or maybe even horses, but technology has advanced significantly since the 20's.
Only because you are the one that said it.????? TOS signs off with Peace, so I signed off with Reese's Pieces.......how is that right wing?
You mean most rely on the govt to bail or help them out....cradle to grave mentality.
We'll just agree to disagree as it relates to the purpose and role of the state but moreso from my POV that there is no divine or undivine right for any man to rule over another in such fashion. And to confiscate at the point of a gun someone's property (you can gloss it by using the benign fiction taxation) to give to others on the belief that this benefits the larger, greater good is morally and ethically wrong on all counts. I'm certain the slave owners back in the day made all kinds of grand excuses of the greater good to maintain slavery and strip the slave of his labor all for that greater good too!
It's wrong to con and exploit the poor not because they are poor but because all manner of con and exploitation are wrong. Wealth transfer to the rich because of bad behavior and poor choices doesn't mean those who defend it are not at the heart, theives and immoral themselves. Yep, I stand by that statement too!
If you guys really want GM to falter, just vote in Trump.
Since he'll add 25% tarif on all chinese goods, I'm sure the chinese will do the same for American goods.
GM and Ford (probably Chrsyler, too) have China as their largest consumer !
Germany would just love that with their Mercedes, Beamers and Audis being cheaper to buy in China then any US car !
Why would i want GM to falter? My tax dollars bailed them out. The point is that they are still doing the same things that got them into trouble. They should be doing so much better after a massive restructuring. I would not buy any of the cars when there are so much better ones out there.
Well, maybe you should find out, why the GM IPOs are falling. Its one IPO and its their stock price. Its failed because they offer to many incentives to sell their cars which cuts into profit margins and brings the resale values down. Also their cars are not getting rave reviews like Ford and other car compaines.
Maybe just because the Treasury today annouced to sell a lot , starting in May and ending in October ? I brought this up months ago that our gooberment was planning on selling some shares at a loss...again it needs to get to 53.00 a share to break even.
Besides, you guys always say it's your money. I pay taxes so it is my money...duh. So far, no one has paid for it, besides adding it to the debt. On the other hand, you got a nice tax cut, instead, and even a 1 time government stimulus check. (of course none of that has been paid for either). Stay on topic...this is about Goverment motors...not getting tax cuts, etc. Goverment Motors continues to build crap and their share price is below the IPO price.
US Treasury could sell GM shares in summer or fall
From ReutersApril 19, 2011
Reuters (New York) - The U.S. Treasury could sell a big chunk of its remaining 33 percent stake in General Motors Co in the summer or fall, a person with knowledge of the matter said on Monday, although doing so may lead to more losses for it on the automaker's bailout.
General Motors Will Never Repay TaxpayersThe Obama administration, and its media backers, have seized upon news that General Motors made a $3.2 billion profit in the first quarter of 2011 as proof positive that its auto bailout is a success. President Obama is so buoyed that he is reportedly planning to make the bailout a major part of his reelection campaign.
But by this standard, Charlie Sheen’s comedy tour ought to be declared a smash hit. Sheen’s backers will lose relatively less money on him than taxpayers will on the bailout.
No sooner had GM made its announcement than Washington Post columnist E.J. Dionne dashed off a stinging rebuke to naysayers (like me) who had dared doubt the wisdom of the bailout. Likewise, the auto czar Ron Bloom credited the turnaround to the president’s “tough love” approach.
No doubt, $3.2 billion is a big number. But an even bigger number is $60 billion. That’s what this administration and the last one together sank into GM (not to mention another $20 billion or so they dumped into Chrysler). When President Obama gave GM this money, he insisted that it was not a handout but an “investment” that would cost taxpayers “not a dime.”
But if there was ever any doubt that this wasn’t going to happen, this earning report dispels it.