<<Jeyebolt, there are a lot of wrongs in the world. I have followed GM very closely and I offer my opinions on the subject.>>
So did Dateline years ago when they cheated for the Viewers just for ratings. Guess who the victim was? Most people that lose on the Wall Street Casino don't cry about it. But your opinions are posted here almost daily by the rest of GM haters.
Jeyebolt, there are a lot of wrongs in the world. I have followed GM very closely and I offer my opinions on the subject. I have no delusions that my opinions are wanted on other subjects, many don't even want to hear them on GM!
Someone thought that Toyota was dishonest to find them $64 Million which was just a slap on the Fingers, like what the SEC does to the Wall Street Crooks that created the mess in the First place. How many stories have you written about the?
Thanks Blue, credibility comes with being right. GM and pumpers do not have a great record regarding the Volt or projected GM share price.
Amazing how those that have been so wrong could possibly question the credibility of those that have been right.
Cheblammo, I appreciate your civil tone, we can use more of that from those that disagree in this country. I had no problem with GM pursuing the Volt, I would not have had any issues if GM said the car was a first generation vehicle that offered a platform that could be built upon to offer future vehicles that would be a viable alternative to IC vehicles. Instead, they over-hyped the vehicle and lied about how much demand there was for the vehicle.
I also understand the concept of halo vehicles. However, it is wrong to have taxpayers pay for a vehicle that is used for a bait and switch strategy to sell other vehicles under the guise of a green initiative.
My position as a bondholder has been mentioned in other pieces that I have written. I think that anyone reading my stuff knows where I stand, unlike those that are supposed to give an unbiased opinion in the media.
Also, I have said that GM will be fine IF the economy does well and overall car sales meet goals. Unfortunately for holders of GM, the company is not as strong financially as they would have you believe. Pension obligations are higher than the 10 billion usually mentioned in reports, that is only US obligations. Cash is overstated, numbers used include credit lines and marketable securities. Europe is a major issue. Reliance on Ally Financial another. China is a dangerous bet, not as easy to make money as you might think. Auto competition is fierce.
This is not an honest company. I know many disagree with that, but I have watched very closely and I feel that GM is not as strong as they would have you believe. Obviously, those that control the big money agree, based on share price.
Those who believe in free speech should accept all opinions. We'll eventually see who is correct.