GM’s New Line Up!

At the Detroit Auto Show this year General Motors Corp. introduced 17 new and upcoming vehicles. Their planning on releasing their version of the Honda Fit and Toyota Yaris this year in Europe. And they also introduced that the same car will be released in the U.S. by 2011, which is a big step forward. But the big surprise wasn’t the 17 new vehicles it was the introduction of the Cadillac Converj concept car. This car is designed to go 40 miles on electric power. And there is no special way to charge it up, just plug it in the wall at your home and your ready to go. And once your batteries run low you can switch over to gas, which will increase your miles. This new concept car will have the same powertrain technology that’s in the Chevrolet Volt. This new technology is just what GM may need to get them back on track. After all, this is what we’re looking for in our vehicles today, more miles on less gas. So now instead of your gasoline bill going up your home electric bill will. Just doesn’t seem like we can really ever win.

Tags: Detroit Auto Show, General Motors Corp.

Long Enough!

It seems that the Senate can’t get things moving on this $14 billion bailout for the automakers. And President Bush is trying to get a few of the Republicans to agree on the plan. But a lot of them are sticking to what they believe in and are going to vote no on the bailout. If there’s not a majority vote the bill will die. And if that happens the U.S. Market as well around the world will all fall deeper. I personally don’t care if the bill fails; my 401k has already hit rock bottom, as well as others. I guess we shouldn’t really look at that thought. I do know if they fail a lot of jobs will be lost, but most of these jobs are going to be cut either way. If any one of the automakers falls it will affect vendors and even hit the car insurance industry. So should we let them fall or save them, I really don’t have an answer for that. But whatever choice is made I sure hope it’s a good one.

Tags: Automakers, Bailout Money

Tough Sell!

It seems that the Congressional Democrats and the White House have worked out a deal to save Detroit’s Big Three. The automakers will receive $15 billion in bailout money from the U.S. taxpayers. But the real question is, will we ever see that money again, I don’t think so. Unless we give them more money, about $100 billion over the next year. This $15 billion is only going to hold them over until President-elect Obama comes into office. Anyway, President Bush is expected to sign the bill to give the automakers their short-term loan. That’s if it even makes it off Capitol Hill. That’s because a lot on Capitol Hill thinks the automakers should take care of themselves, not the taxpayers. I can’t agree with them more. GM already said they would file for bankruptcy see by year’s end without the money. I think any automaker should fill for bankruptcy and see where the cards land. I would be willing to bet they would come out a lot stronger. The vote on Capitol Hill is coming up on Wednesday; we’ll all see what happens then.

Tags: Automakers, Detroit's Big Three

Automakers Meet Again!

Its looking like Detroit’s Big Three won’t be getting the bailout money anytime soon. And it looks to be mostly the Democrats fault. I say this because they have the most pull on Capitol Hill. The Senate’s Democratic leader Harry Reid said there still weren’t enough votes to tap the $700 billion federal bailout fund. Maybe Sen. Harry Reid should get a turbocharger and get both parties to work together. Because if they can’t put their differences aside we’re going to end up in a depression. And when that happens all the finger pointing starts. That’s just how things are done on Capitol Hill. Everyone loves to point the finger at the other just to satisfy themselves. I think the automakers will get the money, but they might have to wait until President-elect Obama comes into office next year. And that’s when Obama will give the loan their seeking.

Tags: Automakers