I’m sorry but the truth is, if it weren’t for the credit crisis, the Big 3 would have continued selling their vehicles just fine. Would their marketshare have continued to slide? Yes. Is “making cars the people want to buy” the problem? No. The problem is with the media and how they are so happy to avoid blaming the Big 3’s troubles on the financial institutions that have imploded. No industry that relies so heavily on credit to operate would survive this situation. It’s just easier to point to the car makers and say they aren’t building what people want. Then explain to me why the other foreign car makers applied for loans and got them. Is it because they weren’t building cars the people wanted? Time for the hypocritical media to stop spreading this nonsense and the ignorant public to wake up.
The New York Times is wrong with this horribly stupid assessment:
“G.M. has pinned its future on the Chevrolet Volt, a plug-in electric car due two years from now, and another small Chevrolet, the Cruze, aimed at many of the same customers who have bought Toyota Corollas the last 40 years.”
Actually, GM hopes the Volt’s underlying technology works and can be reused in other vehicles.
The Chevy Volt is here. I’m normally not much of a car nut outside the Jeep Wrangler and the insanity of the Bugatti Veyron or Lambroghini Reventon but I really think this car looks good. I’d happily get one if they were out now.
And check this out:
GM estimates that the Volt will cost about two cents per mile to drive while under battery power compared to 12 cents per mile using gasoline priced at $3.60 per gallon. For an average driver who drives 40 miles per day (or 15,000 miles per year), this amounts to a cost savings of $1,500 annually. Using peak electric rates, GM estimates that an electrically driven mile in a Chevy Volt will be about one-sixth of the cost of a conventional gasoline-powered vehicle. The cost savings are even greater when charging during off-peak hours, when electric rates are cheaper.
I will say that GM is one of my company’s clients but even still, I like the look of this car. Something about that black window trim makes me think it might have been inspired by the iPhone’s design.
I have to say. The whole “walk out if the deal changes” line is absolutely true. I did that when I was recently shopping for a used car and the dealer froze in his chair.
I walked about 500 feet across the parking lot to my car, got in, and started to drive away when I shit you not, the dealer ran all the way over to me and was knocking on my window. I rolled it down and said yes? He said well we can do X for this vehicle now. I said, “Well I think I need to continue shopping because I can’t do X. You have my phone number. If you can do a better deal, please call me.” Then I drove off.
Even though I didn’t take that car, I felt so great afterward. I’m not the best negotiator but my willingness to walk from the deal really paid off.