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- #81
I don't know the answer to your question Maggie. But common sense tells me that "investing" hundreds of millions of dollars to create products that do not sell - is not going to get the USA back in the game.What I'm getting from this thread, a day later, is that it's not acceptable that the federal government subsidized GM to develop the Volz as a startup venture, an alternative to burning gasoline, but it appears to be perfectly acceptable that the federal government has subsidized oil companies for decades, although extraction and production of oil has been a proven industry for well over a hundred years. Got it.
No Maggie - This thread is about the Volt's failure to sell - period.
GM has a product that cost tens of millions of dollars to develop, requires tens of millions in tax incentives to sell, and which has sold less than 1000 units since its roll out.
And I've already said that GM didn't expect it to be profitable immediately. I guess I'll have to find that article now. However, are we supposed to just sit around while China, Japan and South Korea start reaping all the profits (and jobs) down the line? At what point does the United States get back in the game--regarding just about EVERYTHING?