| Electric Vehicles Discussion about Electric Vehicles other than Tesla Motors |
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12-07-2008, 08:23 AM
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#91 | | Super Moderator
Join Date: May 2008 Location: Winchester, UK Posts: 2,967 | BBC NEWS | World | Americas | US Elections 2008 | Obama vows aid for car industry Quote:
There had been disagreement over where the money should come from, with Congressional Democrats opposing President George Bush's proposal to modify a $25bn fund which was set up to promote fuel-efficient technologies.
But according to Congressional sources, House Speaker Nancy Pelosi, a Democrat, has suggested that the fund could be used under certain conditions.
In the NBC interview, Mr Obama avoided going into detail about the car industry rescue plan, but said letting major carmakers such as General Motors, Ford and Chrysler go bankrupt was not an option.
"That means we're going to have to figure out how to put the pressure in the same way a bankruptcy court would... but do so in a way that allows them to keep their factory doors open," he said.
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12-07-2008, 08:29 AM
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#92 | | Super Moderator
Join Date: May 2008 Location: Winchester, UK Posts: 2,967 | And it's kicking in to the UK supply chain too. Anyone know if these guys supply Lotus? BBC NEWS | Business | UK car parts firm jobs threatened Seems not, but they are supplying GM for the next generation Astra (which some say will be our "Volt").
Last edited by dpeilow; 12-07-2008 at 08:49 AM..
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12-07-2008, 11:05 PM
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#93 | | ERIC VFX
Join Date: Aug 2006 Location: CA Posts: 4,646 | Paul krugman says...
STOCKHOLM, Sweden — Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear.
"It will do so because of the geographical forces that me and my colleagues have discussed," the Princeton University professor and New York Times columnist told reporters in Stockholm. "It is no longer sustained by the current economy."
Krugman won the 10 million kronor (US$1.4 million) Nobel Memorial Prize in economics for his work on international trade patterns. Some of his research on economic geography seeks to explain why production resources are concentrated in certain locations.
Speaking to reporters three days ahead of the Nobel Prize ceremony, Krugman said plans by U.S. lawmakers to bail out the Big Three automakers were a short-term solution, resulting from a "lack of willingness to accept the failure of a large industry in the midst of an economic crisis."
Facing massive job losses, the White House and congressional Democrats are negotiating a deal to provide about $15 billion in loans to prevent the weakened U.S. auto industry from collapsing.
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The world loves to be deceived.
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12-07-2008, 11:09 PM
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#94 | | Tesla Fan
Join Date: Aug 2006 Posts: 5,974 | | |
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12-08-2008, 09:19 AM
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#95 | | Tesla Fan
Join Date: Aug 2006 Posts: 5,974 | | |
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12-08-2008, 03:33 PM
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#96 | | Senior Member
Join Date: Nov 2008 Posts: 199 | http://www.pbs.org/cringely/pulpit/2...26_005507.html
The aspect of this whole debacle that I neither like, nor appreciate is the undeniable fact that they (the American auto execs) did this to themselves then, to add insult to injury, stooped to the truly despicable act of cowering behind their employees, using them as scapegoats to coerce and manipulate Congress and the American people into giving them the loan "for the sake of all of the employees that would be out of work"...Weasels!
What Congress should do is seize the assets/bank accounts of the CEO's and their upper administrative echelon and liquidate it to come up with the finances required to keep the companies afloat.
This idea of appointing some kind of a "czar" to administrate the funds allotted to the auto industry is as lame of a duck as Bush is as all that it will do is put an individual into a somewhat precarious position in that they could easily be influenced by being "paid off" to sway their opinion...NO! NO! NO! What is needed is an oversight committee composed of several people to act as a type of built in redundancy factor to prevent any shenanigans. | |
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12-08-2008, 04:42 PM
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#97 | | Tesla Fan
Join Date: Aug 2006 Posts: 5,974 | | |
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12-08-2008, 05:22 PM
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#98 | | ERIC VFX
Join Date: Aug 2006 Location: CA Posts: 4,646 | Cars sold on a per pound basis. Great stuff!
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The world loves to be deceived.
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12-08-2008, 06:49 PM
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#99 | | Super Moderator
Join Date: Dec 2007 Location: Aptos, California Posts: 1,551 | Must continue to use the term, Carpocalypse... | |
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12-08-2008, 07:44 PM
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#100 | | Senior Member
Join Date: Nov 2008 Posts: 199 | ---CARPOCALYPSE---
As for my choice of the 5...I'd be inclined to go with Romney.
But, again, I have my reservations about the ability of an individual tom remain incorruptible in such a scenario. Mind you, I'm not inferring anything about Romney's (or anyone else on the list for that matter) moral character, it is just that I am aware that there exists other means of persuasion besides money.
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