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North Pack

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  • SolarCity: Analysis Of Cost Structure In Relation To The ITC [View article]
    Not everyone lives in a sunny climate, and wind power is marginal & unreliable. In winter here (5/6 months) the nights are longer than the days, not to mention days at a time of cloudy/rainy/snowy weather - solar borders on useless under those conditions. - Electric cars around here you can count on one hand, seriously. With extremely limited range, and multi-hour recharging - with the heater on, the headlights on, wipers going, radio/cd player, rear window defroster all going - you'd be lucky to get out of your own driveway. - Don't even think about getting stuck in traffic with all that going, or you're going to need a tow home by a gas powered truck. - Even worse getting stuck in deep snow, you can come back in the spring & look for it. - There may well be places where solar can help things along - but not in A LOT of places.
    Mar 26, 2015. 08:56 AM | Likes Like |Link to Comment
  • SolarCity: Analysis Of Cost Structure In Relation To The ITC [View article]
    Interesting idea - essentially an unregulated utility in the making, the pols won't let that last. - Solar City will be taking a lot of business (power sold) away from traditional power companies, - while at the same time those companies "must continue to operate" for non-Solar City customers and safety. - If it cost "X" a year for those traditional companies to operate, and with fewer customers - their rates will have to skyrocket to make up the loss income. - Enter the pols, there will likely be a tax imposed on Solar City customers to help offset the cost of maintaining the regulated utility in that area. In fact Solar City customers will likely need regular power from time to time to offset periods of prolonged storm systems when sunny days are limited. - So, Solar City customers will need both power sources - which could easily impact a houses sales value to someone not interested in having Solar City. - Personally I like the idea, but I don't see smooth sailing simply based on their cost structure. - Local politics WILL enter the picture at some point - VERY heavily.
    Mar 25, 2015. 08:36 PM | 1 Like Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    90% of GM's borrowers are subprime. The amount of credit GM offers car buyers more than doubled during 2013. Delinquent accounts increased from $750M in 2012, to $1.4B in 2013. Now GM has stopped reporting on the details of its loan book.


    USS GM, with $22B in outstanding subprime loans, has already struck the iceberg, and the band plays on.
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    Bingo - spot on, this whole charade has been funded by low/no interest loans to buyers with scores below 600. Another reason to question the GM management & culture.
    Apr 15, 2014. 03:40 PM | 2 Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    Bingo, he nailed it - bad management period ... I rest my case.
    Apr 13, 2014. 03:05 PM | 3 Likes Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    GM also is facing a federal criminal probe. Some analysts say prosecutors could seek penalties similar to the $1.2 billion fine the Justice Department recently levied on Toyota for allegedly lying to the public about an unintended-acceleration problem that led to the recall of many models.

    “These investigations always reveal the person who ignored the obvious, the person who dismissed potential problems,” said Maryann N. Keller, an independent consultant who wrote a book about GM. “What it doesn’t reveal is whether or not there was a systemic problem within the com­pany and whether people consciously or unconsciously avoided giving superiors bad news.”

    Keller said GM has long been known for hiring people who “individually were the best and brightest” but who were later channeled into a system that rewarded conformity.
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    GM - Bad management top to bottom, without ANY question. - Deciding to put more money & effort into a car they lose money on with every sale takes that to an entirely new level. - Thing is - this time THEY WON'T get bailed out, and BTW Ford didn't need to be bailed out.
    Apr 9, 2014. 06:52 PM | 1 Like Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    Even though the redesigned 2015 pickups have better gas mileage, the Silverado and Sierra haven’t been able to keep up with competition from Ford’s popular F-Series trucks. In September, GM sold 32,506 Chevy Silverados, an 11 percent drop from September 2012. Ford sold 60,456 of its F-Series trucks in the same month.

    Ford’s F-Series has routinely been named the top-selling vehicle in America, and reported shortages of the new General Motors trucks with the popular V8 engine have prevented GM from making sales that it could have stolen from Ford. Dealers have complained about the shortage of the new GM trucks, and it’s likely the lack of V8 pickups contributed to GM’s decline in September. Meanwhile, Ford’s new F-150 Raptor trucks have been flying off the lots, and the company has been forced to increase production on the vehicle to keep up with demand.
    Apr 9, 2014. 06:00 PM | Likes Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    1980 - LOL ... go for it. GM can't give it's cars away, & now it wants to spend more time, money & effort on a proven loser - the Volt. Now how could anyone think that was a stupid idea???
    Apr 9, 2014. 10:16 AM | Likes Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    "GM scores Tops (again) in crash tests."
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    Good news indeed - since they build such junk.
    Apr 9, 2014. 07:08 AM | 1 Like Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    GM has acknowledged that in 2004 and 2005, engineers submitted proposals to fix the switches in Cobalts, Saturn Ions and other small cars, but the fixes were never implemented. GM says upper management only became aware of the problem last year. A recall of the small cars, now up to 2.6 million vehicles, began in February.

    On Wednesday, Sen. Claire McCaskill, D-Mo., accused one GM employee of a cover-up. Ray DeGiorgio, the lead switch engineer on the Cobalt, said in a deposition last year for a lawsuit against GM that he never approved a change to the ignition switch. But McCaskill produced a document from GM's switch supplier that showed DeGiorgio signed off on a replacement, but with the same part number. Failing to change a part number makes the part harder to track.

    Appearing Sunday on ABC's "This Week," McCaskill said, "There is no reason to keep the same part number unless you're trying to hide the fact that you've got a defective switch out there that in fact ended up killing a number of people on our highways."
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    It shows a history of - let's say "poor judgement" (being kind) ... and putting more resources into a car that loses money with everyone that's sold - displays an on-going pattern of stupidity with top management.
    Apr 8, 2014. 07:26 PM | Likes Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    http://aol.it/PZr1CH-grid7|main5|dl35|sec1...
    Apr 8, 2014. 12:16 PM | Likes Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    For GM to invest more time & resources on the Volt at this point - is like someone drilling a hole in the Titanic to let the water out.
    Apr 7, 2014. 06:11 AM | 1 Like Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    They DO NEED to make money - that's the ONLY reason they exist, or used to. Cars like the Porsche are not a valid comparison. Porsche and others like it have a nitch "high end market" and are profitable on their own. - GM is in a downward spiral - and it's stock should be "shorted" by anyone that engages in that type of trading. - Most of it's "receivables today" (loans) are to high risk buyers. Meaning they are likely to have a problem actually paying for what they bought, even with a 5 year loan.
    Apr 6, 2014. 08:19 PM | 1 Like Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    With so many "satisfied customers" - you'd think folks would be standing in line to buy one & certainly no need for rebates. Why they'd have customers in a bidding war to get one. - Doesn't seem to be what's actually happened.
    Apr 6, 2014. 07:17 PM | Likes Like |Link to Comment
  • Report: GM to increase jobs at Michigan ops by 1,400 [View news story]
    n May 2011 the National Legal and Policy Center announced that some Chevrolet dealers were selling Volts to other dealers and claiming the US$7,500 federal tax credit for themselves. Then the dealers who bought the Volts sell them as used cars with low mileage to private buyers, who no longer qualify for the credit. General Motors acknowledged that 10 dealer-to-dealer Volt sales had taken place among Chevrolet dealers, but the carmaker said they do not encourage such practice.[285][286]

    In September 2012, Reuters published an opinion/editorial article where it claimed that General Motors, nearly two years after the introduction of the car, was losing US$49,000 on each Volt it built. The article concluded that the Volt is "over-engineered and over-priced" and that its technological complexity has put off many prospective buyers, due to fears the car may be unreliable.[287] GM executives replied that Reuters' estimates were significantly flawed as they also allocated the vehicle's research and development program costs only against the number of Volts sold in the United States (as of August 2012), instead of spreading the total costs over the entire lifetime of the model, as well as including those units sold in Europe and other countries. GM explained that the investments will pay off once the innovative technologies of the Volt are applied across multiple current and future products.[288]
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    Another government sponsored "green project" that costs that taxpayer & is nearly useless.
    Apr 6, 2014. 06:10 PM | 1 Like Like |Link to Comment
  • Rite Aid upgraded to a Buy rating [View news story]
    Hopefully the Rite Aid near me is on their up-grade list - it's way overdue.
    Mar 27, 2014. 06:58 AM | Likes Like |Link to Comment
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