spock8113
Well-Known Member
Here we go again, more Mary Barra and Government Motors:
1996:
"While customer reaction to the EV1 was positive, GM believed that electric cars occupied an unprofitable niche of the automobile market, and ended up crushing most of the cars, regardless of protesting customers."
The EV1 program was subsequently discontinued in 2002
2009:
"U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday."
"General Motors is protected from paying punitive damages related to vehicle defects linked to more than 100 deaths."
2018:
"In 1981, the Michigan Supreme Court approved a decision to allow Detroit to tear down up to 1,500 homes, more than 140 businesses, a hospital and six churches to build the $500 million plant. The Detroit News reported 4,200 people lost their homes as a result. General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off.
And where are the Minnie-vans?
1996:
General Motors EV1 - Wikipedia
en.wikipedia.org
Owners charged up over electric cars, but manufacturers have...
[...] GM has been hauling its EV1s out to the Arizona desert and crushing them.
www.sfgate.com
The EV1 program was subsequently discontinued in 2002
2009:
General Motors Bailout Cost Taxpayers $11.2 Billion
The total cost of the government's bailout out GM has come to $11.2 billion after the Treasury sold the last of its assets in December
time.com
GM doesn't have to pay punitive damages for defect that killed dozens, court rules
A U.S. Court of Appeals is protecting GM from paying punitive damages related to the faulty ignition switches that are linked to 124 deaths.
www.freep.com
2018:
Thousands moved out for a new GM factory; now it's closing
General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off.
www.reuters.com
And where are the Minnie-vans?