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Volt production has started, public sale moved forward to October

Discussion in 'Chevrolet Volt' started by hampdenwireless, Apr 21, 2010.

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  1. hampdenwireless

    hampdenwireless Active Member

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    #1 hampdenwireless, Apr 21, 2010
  2. efusco

    efusco Moderator Emeritus
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    October! Wow, good for GM....maybe they're getting their act together.
     
    #2 efusco, Apr 21, 2010
  3. efusco

    efusco Moderator Emeritus
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    Wait, where does it say October? I don't see it in the linked article.
     
    #3 efusco, Apr 21, 2010
  4. Paradox

    Paradox Prius Enthusiast / Moderator
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    #4 Paradox, Apr 21, 2010
  5. direstraits71

    direstraits71 Member

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    Interesting to read the triumphant title of the article and then read how they paid back the loan. From the article: " The loans were reportedly paid back from reserves with government investment money."

    What a spin.
     
    #5 direstraits71, Apr 21, 2010
  6. Felt

    Felt Senior Member

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    Re GM paying back the loan ..... Spin? You bet. They only paid back a fraction (13% as I recall) of the $61 B the taxpayers loaned GM.

    Now many doubted the taxpayers would ever be paid anything ... so 13% is good, but the people still own a very large share of GM.
     
    #6 Felt, Apr 21, 2010
  7. jdcollins5

    jdcollins5 Senior Member

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    Good news, since we are shareholders. I wish GM well with the Volt. The more vendors in the hybrid/EV arena the better for competition all of the way around.

    Like I have said several times in other threads, I truly hope either GM or Ford has the vehicle that meets my requirements at the time that I will be replacing my wife's car.
     
    #7 jdcollins5, Apr 21, 2010
  8. bisco

    bisco cookie crumbler

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    wow!
     
    #8 bisco, Apr 21, 2010
  9. daniel

    daniel Cat Lovers Against the Bomb

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    From the article:

    And yet the loan total was not $6.7 billion. It was somewhere around $60B or $70B. So when the same article that says the Volt will go on sale in October, also says the loan total was one-tenth of what it actually was, we're supposed to believe it???
     
    #9 daniel, Apr 21, 2010
  10. hampdenwireless

    hampdenwireless Active Member

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    Please learn the terms of the deal before saying things like that.

    The entire LOAN was paid, the entire BAILOUT has not been. The BAILOUT is still intact as the government (us?!?) still owns 60.8% of GM itself.

    The current (final) loan payment included interest, and $2 billion was paid before. The government has made a profit on the LOAN but not on the BAILOUT.

    GM has also paid off the Canadian government loan.
     
    #10 hampdenwireless, Apr 21, 2010
  11. bisco

    bisco cookie crumbler

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    wow!
     
    #11 bisco, Apr 21, 2010
  12. usbseawolf2000

    usbseawolf2000 HSD PhD

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    I thought the officials denied the October rumor.
     
    #12 usbseawolf2000, Apr 22, 2010
  13. daniel

    daniel Cat Lovers Against the Bomb

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    Call it what you like; since the government is not exercising any actual control over GM (as an owner would!) and not getting any dividends, the bailout is effectively a GIFT, which is worse than a loan.

    You are doing what lawyers do: Using subtle distinctions of definition to mislead: A normal person reading the article would think that GM has now paid us back in full, when in fact it still has $60 billion of our dollars, call it what you will!!!
     
    #13 daniel, Apr 22, 2010
  14. daniel

    daniel Cat Lovers Against the Bomb

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    So the article lied on BOTH counts! Thanks, seawolf.
     
    #14 daniel, Apr 22, 2010
  15. hampdenwireless

    hampdenwireless Active Member

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    Wrong again. The government still owns its 60% portion of GM and GM (whatever you say) still has value especially now that most of its debt is gone. The government will sell that portion and make a profit, possibly a large profit.

    I was NOT for the bailout, but it seems to have worked. I think its pretty clear the government would have lost more money through lost taxes (income, property etc) and unemployment payouts then they have already spent net on the bailout.

    First of all it is not lawyering, its spinning. Second, I did not write the article and I would not have personally used that language. That however does not make it untrue.
     
    #15 hampdenwireless, Apr 22, 2010
  16. hampdenwireless

    hampdenwireless Active Member

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    Link please.
     
    #16 hampdenwireless, Apr 22, 2010
  17. usbseawolf2000

    usbseawolf2000 HSD PhD

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    #17 usbseawolf2000, Apr 22, 2010
  18. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    sounds like damage control to counteract the Dec 2010 date for the Leaf
     
    #18 DaveinOlyWA, Apr 22, 2010
  19. hampdenwireless

    hampdenwireless Active Member

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    From the link:
    "But we wanted to see if anything had changed, maybe, this time. Dave Darovitz, who handles corporate communications for the Chevrolet Volt and the fuel cell Equinox, told AutoblogGreen:
    As you can expect, we're pretty excited about the market potential for the Chevrolet Volt electric vehicle. Our plans and focus have not changed - we continue to drive toward a flawless consumer experience when we launch in the fourth quarter this year in California, Michigan and Washington D.C."

    ​
    -------------
    This does nothing to counter-act the many articles that say the release is moved up to October. October is in the fourth quarter.
     
    #19 hampdenwireless, Apr 22, 2010
  20. usbseawolf2000

    usbseawolf2000 HSD PhD

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    He clearly stated the plans and focus have not changed.
     
    #20 usbseawolf2000, Apr 22, 2010
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