Posted by MarkB_MI on December 04, 2010 at 02:58:31 from (32.178.211.15):
In Reply to: Re: Government VOLT posted by Germ on December 03, 2010 at 20:47:49:
Germ, GM has NEVER made money on small cars. So a few years back they mostly abandoned the small car market and focused on light trucks and SUVs. That worked out real well until gas prices went through the roof, people quit buying trucks and GM had no small cars anyone wanted to buy. Oil prices are cheap today but they won't stay that way. If GM wants to avoid a second bankruptcy, they have to be prepared for that day.
The electric vehicle business is a huge gamble. But to avoid being caught flat-footed the next time oil gets expensive, all the car companies are investing in electric technology.
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Today's Featured Article - Talk of the Town: Winterizing Engines - To Drain or Not to Drain? - by Russ Berry. What is this strange attraction I have to equipment and machinery? How did I get this way? I came from the suburbs and own a small horse farm in rural Loudoun County, Virginia. You can call me a "weekend farmer." The local farmers do. Does it bother me? No. I am just happy to have their friendship. At least the word "farmer" is in my title. But what is the attraction? How can I explain the sensation and exhilaration I feel when I turn the key and hear the engine come to life (most
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