In the industry my whole life

Chevy Volt: Can It Survive GM?

Let's get real here. The auto industry has long been plagued by stagnation and at a price disadvantage for decades, due to unions, pension obligations and now soaring healthcare costs. It's hard to compete when at such a disadvantage. Add on bad management, an old boy's mentality that won't die, and US's greed for money and short term fix (0%apr financing). Then, we let the europeans and japanese produce here with huge tax incentives thus giving birth the to "local content argument," and THIS IS WHY THE INDUSTRY is a mess. The fact that cash flow is now choked and bonds are at junk status is not an excuse to show up in DC, with a cup in hand. As for the volt, there is no way 2010 is viable. without electric grid expansion in place and resolution of battery degradation issues, it's not happening.....I'd put my money into the chinese battery company that Warren has bought into.