General Motors (GM -2.7%) sees a breakthrough coming in the use of magnesium in automobiles...


General Motors (GM -2.7%) sees a breakthrough coming in the use of magnesium in automobiles after its engineers find a way to expand the use of the metal to new parts of vehicles. The company notes magnesium is 75% lighter than steel and has a 33% advantage over aluminum which could help the automaker improve gas mileage. Licensing options for GM's patented process to prepare the metal for automobile production could bring in extra revenue down the line.

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Comments (6)
  • Van Hyder
    , contributor
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    I'm not sure it's fair for a branch of the government, like GM, to be allowed to apply for patents. As a tax payer I would like them to share that tech innovation with the other US car makers. Or maybe patent it but be forced, by law, to license other US manufacturers for free?
    23 Oct 2012, 02:43 PM Reply Like
  • Buddy Canuspare
    , contributor
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    "Licensing options for GM's patented process to prepare the metal for automobile production could bring in extra revenue down the line."
    That's revenue that can be returned to you, Mr. Tax Payer. If the patents are licensed to other US manufacturers for free, the revenue stream to you, Mr. Tax Payer, would be reduced. Is that really what you want?
    23 Oct 2012, 08:07 PM Reply Like
  • Van Hyder
    , contributor
    Comments (172) | Send Message
     
    To better the nation as a whole (or at least the auto industry as a whole)? Yes as a tax payer that is what I want.
    23 Oct 2012, 08:20 PM Reply Like
  • Van Hyder
    , contributor
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    No but seriously Buddy, I think you're confusing capitalism with socialism. If I owned stock in GM then I want them to get the full benefit of their investment of their research but if NASA (just to use one example) makes a new discovery then I want that to benefit everyone as equally as redistributionally as possible.
    23 Oct 2012, 08:24 PM Reply Like
  • Buddy Canuspare
    , contributor
    Comments (406) | Send Message
     
    Still, the better the revenue stream, the higher price the stock will draw when it's eventually sold, and the more taxpayer money is returned.
    24 Oct 2012, 09:18 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    According to Analyst Seton Motles, Obama has already spent 5 Billion on green-car subsides. Which means that he is using your tax dollars to subsidize his own cars. Over seven grand per Volt. Isn't that in the same category as canceling senior debt and giving the scraps left from GM 1.0 to the unions?

     

    Elections had consequences...
    23 Oct 2012, 03:15 PM Reply Like
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