By the way, I am NOT giving GM an out here. I think they are totally responsible for the fact that they didn't control costs, and got into this mess by themselves. Being fiscally responsible comes at the very top of the list of businesses if they want to continue into the future. Sometimes there are extenuating circumstances, but the ultimate goal should be to sustain GROWTH and curtail losses in the long-term, something that they obviously don't understand in the short-term.
Isn't it interesting that GM is criticized for having the government intervene on their half because the economy tanked, but it is OK for the Japanese to receive government subsidies for Years, and Years and Years, and no one will mention that they are owned by the Japanese government, and how wonderful the Japanese cars are, since the Japanese government handed them all they money they needed to make such great cars. I wonder how much money the Japanese car manufacturers got from their government over those many years, in comparison to GM? Hummmmm
The Case for Natural Gas Powered Transportation [View article]
I have also had the same thought. If an American automobile company would get on the CNG bandwagon, i think that could be the salvation to lost profits. It makes perfect sense. I don't have access to natural gas where I live, but just up the street where my father lives, I could hook up and FILL my CNG vehicle. As I have found, it does take some time for a refill, but maybe there is some breakthrough technology that will improve the fill time even. I for one am all for this conversion. Lets do it NOW.
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