GM is doing it again

Damn. That didn’t last long. Remember the plug-in hybrid Buick that General Motors announced two weeks ago? The one that was basically a re-badged Saturn Vue? GM just killed it.

GM has a long, tired history of announcing or doing innovative things then killing them or backtracking

Chevy Volt’s 230 mpg in perspective

Broken Sword photo

GM, using EPA standards, predicts that the Chevy Volt will get 230 mpg– an astounding figure for a big-six vehicle.  It’s commonly compared with Toyota Prius’s 48 mpg.  But that’s only because several higher mileage cars, like the 70 mpg VW Polo, aren’t sold in the U.S.

The mpg figure makes the [...]

GM and Segway working on self-balancing 2-wheeler

PUMA (Personal Urban Mobility and Accessibility Project) is a self-balancing two-wheeled vehicle, capable of 25 mph, that will go 25 miles between charges – and monitor and communicate with traffic around it.

In other GM news, the company says they will keep the Volt EV plug-in hybrid, even if it loses money.

I hope [...]

Obama starts jawboning

Jawboning

the use of public appeals (as by a president) to influence the actions especially of business and labor leaders

Obama denies bailout funds to automakers

The White House says neither GM or Chrysler submitted an acceptable plan. The GM CEO has resigned effective immediately after Obama requested he do so.

It appears the government [...]

Your Daily Doom and Gloom report

GE says everything’s fine, just fine, thanks for asking, as the stock drops off a cliff. The problem is their finance unit, which threatens to turn the entire company into smoking rubble.

Those bothersome auditors say GM is circling the drain, how thoughtful of them to awaken from their slumbers long enough to notice [...]