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Car Wars: The Next Generation; CHINA!!!



December 23, 2008 – Comments (4) | RELATED TICKERS: GM , F

I just saw a network nightly news report that a Chinese company is ready to export all-electric cars to the US, beating out GM and friends by a few years. How so? This Chinese company is no famous, industrial powerhouse. But it does illuminate the artherialscloroses (ah, man, where's the spell checker?) of the US car companies. GM had an electric car, the EV1, until it killed it's own child and future. It does seem as if the US car companies will not fare well in the next few years.

To answer all those tearful, heart-rending stories of retirees and beneficiaries receiving free $$$ from the big 3. What will become of my income? You are correct in being scared. There is no way that your benefits will continue beyond another year or two. Detroit will have to cut labor costs, and this includes pensions, healthcare, and post-retirement benefits of millions of ex-labor union members and familiy currently receiving monthly, regular benefits.

1) Detroit must cut off pensioners and beneficiaries at the knee-caps and 2) close SUV/truck plants and concentrate on fuel-efficient vehicles. Otherwise, Detroit has ZERO chance of surviving.


4 Comments – Post Your Own

#1) On December 24, 2008 at 9:40 AM, GNUBEE (< 20) wrote:

No worries, its already here.

I doesn't go fast enough for highway use, doesn't get enough miles on a charge to be useful and is tiny.

So It should not be very popular

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#2) On December 24, 2008 at 10:32 AM, rebelcow (< 20) wrote:

It's called the Flybo, will sell for around 22,000 dollars, and will get 75 miles on one charge.  Unlike the Volt, its electricity only so its range is limited to 75 miles making it extremely inconvenient for many people.  Another advantage the Volt has is that it actually looks like a nice sedan whereas the Flybo is some sort of strange concept car. Compare pictures and tell me which one you'd drive.

 (To be fair, the Flybo does have about 18000 dollars on the Volt, but i still wouldn't bet money on it.)


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#3) On December 24, 2008 at 12:14 PM, Timh0rt0n (94.95) wrote:

The Nano by Tata of India sounds not too bad. It only about $2500.00.

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#4) On December 25, 2008 at 9:31 PM, Patzj (< 20) wrote:

It's the F3DM PHEV @$22k that counts & cut executive and congress pensions and health care first.

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