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The group will include Wall Street financier Steven Rattner and Steelworkers union official Ron Bloom, and will be joined by United Auto Workers (UAW) chief Ron Gettelfinger. They will have to make the tough decision as to whether or not GM and Chrysler deserve more aid so you can bet the two ailing carmakers will be doing their best to impress. A final decision is expected on March 31, reports the Associated Press.
The move also serves as an attempt to end criticism that the task force lacks firsthand knowledge of the industry, however, we doubt just one day in Detroit will help.
At the same time, GOP senators John McCain and Richard Shelby are calling for a Chapter 11 bankruptcy filing for the two ailing Detroit carmakers, and even GM’s own auditors have raised doubts about the firm’s ability to service its debts. Not the stuff an auto task force member wants to hear when deciding on lending almost $40 billion in taxpayer funded aid.
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BTW are taxpayers actually going to end up giving $450,000,000 to Fisker and Tesla, each? I know with today's numbers that are thrown around that doesn't sound like much (actually it does to me). However Fisker has yet to produce a single customer car, and Tesla has yet to produce a car under $100,000. Not exactly gonna provide an entire nation, much less the world with alternative transportation.
but yeah it definitely does help to go for a ride in a new car like this and just see that this company does have some amazing tech. it sounds corny and most wont believe it but driving around for 40 miles in a car that doesnt make a sound... and doesnt have any noticeable gear change,... its quite the experience. and a lot of consumers will be sold on it. these people will get that same feeling. this is a product that needs to make it to market.
JSH, good eye.. i noticed that as well. i like that the volt is going to be a jazzed up version of the cruze.. very smart. kinda like the new insight looking like a cross between the FCX and the civic.
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