GM Inflates Chevy Volt Stats With Fleet Sales

Whats good for GM is the shaft for taxpayers
GM Inflates Chevy Volt Stats With Fleet Sales
http://www.youtube.com/watch?v=6KJhdaQO_CM


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On 21/12/2011 5:40 PM, Jim_Higgins wrote:

Well union and 0bama corruption is still at work wasting taxpayers money. 0bama gives money for these fleet sales to screw your grand kids with more debt.
Fact is 0bama is an arrogant debtor bastard screwing taxpayers.
There is no real demand for this Edsel-Volt.
GM, they keep on sucking!
Zenn Motors sells pure electric for $11,000 and China can make them cheaper. India has a 50+++ mpg for under $3500. Thing runs on fumes and is green on the pocket book and gas.
Government Motors using your money foolishly, wasting it as fast as we can.
I wonder how screwed up AmeriCredit is now, yep, the solvant bank the taxpayers bought for GM as GMAC was too trashed from the last go around.
Just more DC 0bama corruption. Solyndra anyone?
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On 12/22/2011 6:05 PM, Canuck57 wrote:

fund GM during the economic downturn because the collapse of the automotive sector, and its supply chain, would have been catastrophic to the economy. That said, for the politicians to squander more taxpayer money thinking that GM was capable of developing a car that would be revolutionary, green, or reliable was a gross mistake.
I was reading an article last night and it appears GM dealerships now are selling Volts to one another to claim the $7500 taxpayer funded credit for themselves. Then they market the same car on the lot to customers as "new".
GM, as incompetent has they have demonstrated themselves to be in automobile manufacturing, is still clever enough to out maneuver the politicians to be able to pocket taxpayer money.
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"I think it was necessary for the government (i.e we the taxpayers) to fund GM during the economic downturn because the collapse of the automotive sector, and its supply chain, would have been catastrophic to the economy. "
When companies are badly managed it has at some point a catastrophic effect on someone and most often on the company itself and its owners as well as the employees.
In some cases the companies are so big that the government wants to ease the pain.
There are several examples of this and they all show that letting a company live past its sell by date is always a mistake and the catastrophe is thus made worse by the government actions.
Worst of all is that a bad actions seem to be rewarded and the criminals not being punished gives them a chance to do it all over again and most often creating even more catastrophe next time.
It is probably sort of funny that when Lehman brothers were allowed to fail there were other big banks and insurance companies about to fall as well as GM and then big share and loan holders in china and russia made threats and the US government backed down and "saved" the companies so that the chinese could save their money and these actions are hitting the general public in the US worse than it would have if the companies had not been "saved".
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On 23/12/2011 3:57 AM, snipped-for-privacy@gmail.com wrote:

someone and most often on the company itself and its owners as well as the employees.

No pain, no gain. Unions and management are not going to make the changes until they are forced to.
Best way, bankruptcy. Let reality hit hard, quick and sure. No staling and stealing on the taxpayers wallet.

live past its sell by date is always a mistake and the catastrophe is thus made worse by the government actions. Now the Government Motors is going to ge the worst of GM.old and government, combined!

being punished gives them a chance to do it all over again and most often creating even more catastrophe next time. Yep, like Carlyle Group. They made off like thieves.

there were other big banks and insurance companies about to fall as well as GM and then big share and loan holders in china and russia made threats and the US government backed down and "saved" the companies so that the chinese could save their money and these actions are hitting the general public in the US worse than it would have if the companies had not been "saved". Just depends who your big depositors were. My guess is Lehman didn't have enough corrupt billionaires feeding Washington DC corruption. Sad part, is they were probably more honest than the others.
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On 22/12/2011 8:59 PM, Jim G wrote:

Just union bullshit.
The supply chain would be repaired in weeks, no investors turn down the opportunity to make money. Even if GM went chapter 7 into full close the doors, some billionaire would buy it up and bring in new management and non-union. It would have applied 50 years of needed changes in 7 days and been much more effective. Cost less too.

That would not surprise me. Biggest buyer of Volts are cities getting federal money (your money or grand kids debt) to do so.

Yep, Government Motors primary product is bullshit.
Down 35+% from IPO too.
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