Biden and Newsom may have put GM out of business!!!!

[Independent thinker]

GM is on the ropes, financially. And guess who drove them to near ruin? Did you say it was Biden? Or was it Gavin Newsom? What about both of them?

Not to worry, at some point the government will bail them out.

 

[Robert W]

EV demand is going to increase. GM is producing the Blazer EV and the Equinox EV next year. Equinox EV starts Round $32,000. It will sell well.

This morning on my way to get a lab to do a blood draw, I was stopped next to a new Caddy. It was as tiny as the old VW Bug was. Wonder why they are purchased at the price of a Caddy. Mine is the Seville STS and plenty spacious. It was the small Caddy when I bought it.

E bikes are useless here for six months out of the year. They have Lime bikes in Spokane. They are useful from May to Oct. but they are always fishing them out of the Spokane river. I don't know how they make any money.

Here in Meridian, ID, I never see any of them on the roads here. My son bought his when he lived in CA where I also lived at the time. And he then used it several times, shipped it here to ID and has it sitting in his garage right now.

 

[Robert W]

Not to worry, at some point the government will bail them out.

I have seen this game before and think you are correct.

 

[Edgetho]

Generic Motors is a horseshit Company. Always has been.

Ever since they jumped into bed with FDR and his socialist Blue Eagle program, they have been shit.

Plus the fact, they make garbage cars. And, they held back the American Automobile industry for 85 years. And they bought out, scrapped or illegally tried to run out of business every competitor they've ever had. Just recently they stole BILLIONS from the American Taxpayer through obama. The Lying ********** in Chief didn't rescue the Auto Industry (Ford neither wanted nor needed obama's blood money and Daimler killed Chrysler [long-ish story) the LCinC rescued the UAW.

So....... GM's Frankenstein, the UAW, comes back to kill them?

Break my freaking heart.

GM is just simply a shit company. The best thing that could happen to the American Auto Industry is for GM to go tits-up. Permanently this time. Just rid us of that POS company.

 

[jackflash]

Not to worry, at some point the government will bail them out.

You MISSPELLED the word g'ment in your reply. it's spelled TAXPAYERS.

 

[DudleySmith]

Hydrogen has the same problem as EVs: No infrastructure!

It can be handled he same way as propane and butane is. Oil companies have been using natural gas powered trucks for ages already. Don't have to retool auto engines and productions lines, they're made the same way auto engines are now; the same engines can be adapted to hydrogen without a lot of fuss. Don't have to revamp the entire manufacturing sector, which by the way will still be using multi-fuel technology for producing our military vehicle engines anyway.

 

[DudleySmith]

You mouth off about something you've not done in three real-time dimensions? Especially this summer? You're one of those paranoids who sees the cup half emp-ty most of the time.

I've looked around a lot more than you have, so don't get snotty, dumbass. I'm not paranoid, I just disagree with morons a lot, is all. Try some other strawmen.

 

[DudleySmith]

EVs have more stations but hydrogen stations are being added daily.
As of May 2023, there are 167 publicly available hydrogen fuel stations in operation, and there are projected to be 181 locations by the end of this fiscal year.

They have exactly one charger at the Albertson's I go to; never a EV there charging, I've seen exactly one car using it in the year it's been there.

 

[DudleySmith]

As long as you don't want to ride it this month yes, they will, lol

Even the best solar chargers get maybe up to 2 amps, under ideal conditions. They suck for the most part.

 

[Foxfyre]

GM is on the ropes, financially. And guess who drove them to near ruin? Did you say it was Biden? Or was it Gavin Newsom? What about both of them?

The U.S. government bailed GM out in 2010 and has owned significant shares in GM since that time--the idea of the federal government owning part of an American corporation is so antithesis to constitutional intent it surely had the Founders rolling over in their graves. Apparently that ended this week when the Federal government sold the last of its share in that company constituting a $10 billion net loss for the American taxpayers.

GM is unlikely to go out of business though most especially since they're scaling back their EV initiatives.

 

[DudleySmith]

The U.S. government bailed GM out in 2010 and has owned significant shares in GM since that time--the idea of the federal government owning part of an American corporation is so antithesis to constitutional intent it surely had the Founders rolling over in their graves. Apparently that ended this week when the Federal government sold the last of its share in that company constituting a $10 billion net loss for the American taxpayers.

GM is unlikely to go out of business though most especially since they're scaling back their EV initiatives.

Bond holders at any company usually have first claims on assets and payments. Doesn't change when the govt. owns most of the bonds. The company's shareholders voted to accept the deal.

 

[JimH52]

They have exactly one charger at the Albertson's I go to; never a EV there charging, I've seen exactly one car using it in the year it's been there.

When China starts flooding the US with cheap EVs....you will be wondering what happened. Vote for trump and drive a coal powered car.

 

[Admiral Rockwell Tory]

EVs have more stations but hydrogen stations are being added daily.
As of May 2023, there are 167 publicly available hydrogen fuel stations in operation, and there are projected to be 181 locations by the end of this fiscal year.

How many gas stations are there in the country? 168,000.

If you suck at math, that is more than a 1000 to 1 ratio. It will take 7000 years at that pace of adding 2 per month to get to 168,000 stations.

 

[badger2]

When China starts flooding the US with cheap EVs....you will be wondering what happened. Vote for trump and drive a coal powered car.

Faster than Musk's fast charge station is a vending machine station with security guard. Juggers-looters watching Albertson's may always be a threat for charging.

 

[badger2]

The U.S. government bailed GM out in 2010 and has owned significant shares in GM since that time--the idea of the federal government owning part of an American corporation is so antithesis to constitutional intent it surely had the Founders rolling over in their graves. Apparently that ended this week when the Federal government sold the last of its share in that company constituting a $10 billion net loss for the American taxpayers.

GM is unlikely to go out of business though most especially since they're scaling back their EV initiatives.

The absurdity was to try to solve transport in one fell swoop: the ability to haul the Chevy Chase dog and mother-in-law across the surface of the planet in a monstrous metallic cockroach, gasoline-addicted or EV.

 

[Robert W]

How many gas stations are there in the country? 168,000.

If you suck at math, that is more than a 1000 to 1 ratio. It will take 7000 years at that pace of adding 2 per month to get to 168,000 stations.

That no doubt is why so few Hydrogen fueled cars are sold.

 

[g5000]

The Chinese are selling electric cars which cost only $11,000.

https://www.kbb.com/car-news/chinese-electric-vehicles-are-coming-and-they-may-be-cheap/

 

[g5000]

GM is on the ropes, financially. And guess who drove them to near ruin? Did you say it was Biden? Or was it Gavin Newsom? What about both of them?

Due to their irresponsible behavior, GM had to be rescued in 2008 on Bush's watch. They are still one-third owned by the US government.

I can't wait to hear your twisted mind explain how that is Biden's fault.

Dipshit.

 

[g5000]

How many gas stations are there in the country? 168,000.

If you suck at math, that is more than a 1000 to 1 ratio. It will take 7000 years at that pace of adding 2 per month to get to 168,000 stations.

It did not take 7,000 years for electric charging stations to appear everywhere.

Hell, we have two at my place of business. Employee can charge their cars for free.

It did not take 7,000 years for 168,000 gas stations to appear.

Where there is demand, there will be supply.

So put down your calculator and learn how free enterprise works.

 

[Robert W]

The U.S. government bailed GM out in 2010 and has owned significant shares in GM since that time--the idea of the federal government owning part of an American corporation is so antithesis to constitutional intent it surely had the Founders rolling over in their graves. Apparently that ended this week when the Federal government sold the last of its share in that company constituting a $10 billion net loss for the American taxpayers.

GM is unlikely to go out of business though most especially since they're scaling back their EV initiatives.

I found this dated a few years ago.
In the past, the U.S. government was a majority shareholder in the company (after the 2008 bailouts). However, in 2010 GM broke free from the government's yoke and was reborn in its current incarnation. Today, the top three individual GM shareholders are Mary Barra, Mark Reuss and Dan Ammann.May 31, 2020