Posted: Tue Nov 25, 2008 1:50 pm
scotts1000rr wrote:No its not!!!!! You did it for the chicks.
hehe u know what... U got me there lol
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Detroit Bailout
Page 7 of 9
Posted: Tue Nov 25, 2008 3:18 pm
hehe u know what... U got me there lol
Posted: Tue Nov 25, 2008 3:21 pm
interestingly enough....
Posted: Wed Nov 26, 2008 6:19 am
MobileAudio219 wrote:100-120 miles is better than I though, but I'm not sure its enough.
10 miles a day, 3,650 miles a year... 36,500 miles in 10 years??? Damn, my sister does that in about a years time!!! LOL
Your daily drivers must last FOREVER!!!!
Yep, I have had the same Honda Civic for 10 years and still going strong with 129k on it.
Posted: Wed Nov 26, 2008 7:28 am
sJon wrote:CHEVY PAGE LINK
So in this model they are going from NiMH to Li-ion cells which makes it much more expensive. And it still has a gasoline powered combustion engine under the hood. If you take off the unneccessary gasoline engine and go back to NiMH, it would be a much cheaper vehicle and would be much more widely accepted. Again, this is the way the boardroom will be able to kill it saying that no one will pay that much for an electric car.
Jon,
Most of the NiMH batteries weigh more thus generating more friction on the road, then hampering performance. Lets face it...Li Ion batteries can be smaller and can handle the same amount of storage as NiMH batteries.
Think of it this way...think of NiMH as the magnet on the MTX Jackhammer...and then think of Li Ion as a neodyminum magnet. Same use, less mass and then overall, less weight.
if you have a bank of NiMH batteries, the car would weigh more and then get slightly less range than if it had the lighter Li Ion batteries.
I don't think that they are misusing the budget, quite frankly, I think they are dead on with their thinking. And when the economy lets up...I think that the Volt will come out
Posted: Wed Nov 26, 2008 2:12 pm
let's hope they make it that far =)
Posted: Tue Dec 02, 2008 10:55 am
Posted: Tue Dec 02, 2008 5:42 pm
Wow... Have the CEOs been reading our posts? They've actually said they'd work for $1
Posted: Thu Dec 04, 2008 1:00 pm
Sorry to dig up an old thread, but it is relevant today. I have been watching the Senate Banking Committee coverage feeds today and I have come away with a different perspective than I had before. Here is a snapshot of what I saw.
1) Ford is solvent and does not need help, but it would take the low interest loans in the bailout and would pay off existing higher interest debt with those funds. Smart business. The other part for Ford is the restructuring of labor and legacy costs with the UAW that is neccessary for GM to survive. Ford would expect the same deal that GM gets.
2) Chrysler is 80% owned by Cerbus. Cerbus has plenty of cash on hand and could fund all of the current and future needs of Chrysler on it's own. However, they are remiss to do so. They see Chrysler as an investment that they would like to see pumped and dumped. Pumping in cheap public loans would get them there. They could then sell their stake at a premium and cash out. If they funded the needs, it would take many years for Cerbus to see a ROI.
3) GM is phucked without a bailout. They are in dire straits. Their current debt structure is not possible to maintain under any assistance that the government could provide. They need $7B to survive through Jan 31, 2009. That is just to pay the bills and keep the lights on. After that period, they would need additional funding, or a large market rebound that would provide additional sales. What is needed for GM to survive is to pay off their debts at $.30 on the dollar, cut their current employee salaries to new hire levels, and half their commitment to the SIBA fund (pensions). Without those steps, they are doomed. If they cannot make those changes without going bankrupt, then they will be forced to do so under Chap. 11.
4) The UAW has said they have made great concessions in the last 3 years and would be unfair to expect much more out of their pockets. They are not committing to much change as of today beyond what has been done in the last 3 years. This is what will need to be done to save GM. Whether that is through legislation or through bankruptcy, it will happen. If not, there will be NO GM to pay ANY SIBA fund.
1) Ford is solvent and does not need help, but it would take the low interest loans in the bailout and would pay off existing higher interest debt with those funds. Smart business. The other part for Ford is the restructuring of labor and legacy costs with the UAW that is neccessary for GM to survive. Ford would expect the same deal that GM gets.
2) Chrysler is 80% owned by Cerbus. Cerbus has plenty of cash on hand and could fund all of the current and future needs of Chrysler on it's own. However, they are remiss to do so. They see Chrysler as an investment that they would like to see pumped and dumped. Pumping in cheap public loans would get them there. They could then sell their stake at a premium and cash out. If they funded the needs, it would take many years for Cerbus to see a ROI.
3) GM is phucked without a bailout. They are in dire straits. Their current debt structure is not possible to maintain under any assistance that the government could provide. They need $7B to survive through Jan 31, 2009. That is just to pay the bills and keep the lights on. After that period, they would need additional funding, or a large market rebound that would provide additional sales. What is needed for GM to survive is to pay off their debts at $.30 on the dollar, cut their current employee salaries to new hire levels, and half their commitment to the SIBA fund (pensions). Without those steps, they are doomed. If they cannot make those changes without going bankrupt, then they will be forced to do so under Chap. 11.
4) The UAW has said they have made great concessions in the last 3 years and would be unfair to expect much more out of their pockets. They are not committing to much change as of today beyond what has been done in the last 3 years. This is what will need to be done to save GM. Whether that is through legislation or through bankruptcy, it will happen. If not, there will be NO GM to pay ANY SIBA fund.
Posted: Thu Dec 04, 2008 1:15 pm
Get rid of the stupid union. Sure they get the workers better conditions... but at the expense of their career? I say get rid of it and pay the workers less.