GM may raise more cash

After wasting years focused on the doomed SUV market GM once again sits on the sidelines while Honda launches a hydrogen fuel cell vehicle already available for lease in California.
http://www.squeezingbucks.com

When did American ingenuity turn into whining corporations? Produce a better product than the competition and people will buy it.

Here are some stats on fuel standards: In 1974 the standard adopted was to double fuel standards 11 years. In 2008 the goal is to raise fuel efficiency by 30% in another 12 years (by 2020). The result by then (2020) is that our fuel efficiency will STILL BE 35% below THE CURRENT efficiency REQUIRED TODAY in the EU and 48% below the efficiency required today in Japan.

Last year I was in Europe and I rented a Citroen C5 turbodiesel very comfortable comparable in size to a Ford Taurus so a roomy midsize and during the entire vacation averaged 44 MPG. I was so impressed I stopped at a dealer for info., the very same engine is available from Ford in the Euro models, but not available in the US. Unbelievable. You know who fought tooth and nail with there lobbyists in Washington against the meager improvements that won’t be here until 2020? Ford, GM and Chrysler they say the new technology would be to expensive. How is it that today that Japan and Europe have better standards TODAY than what the Big Three will have by 2020 and yet the Japanese and European automakers haven’t been crippled by better technology? Forget about the BIG 3 - call your congressional reps NOW and KEEP CALLING them and mandate a 50 MPG avg by 2015. The BIG 3 are irrelevant because if they continue on their current suicide mission they will be out of business. YOu would think the oil companies are paying the big 3 to keep the mileage standard low for the retarded decisions they continue to make by building big gas guzzlers. I for one am fed up of the oil dependence we have on people who hate us lets once and for all DEMAND FROM CONGRESS to foster new technologies that once and for all cut the cord to oil from countries that either perpetually have thugs in power, war as if it is a national sport or just plain hate everyone else who doesnt embrace their nomadic way of life.

What’s the name of that old Aerosmith Song? the one with the chorus that says “it’s the same old song, it’s the same old song and dance”? It sounds like GM is right back where it was in ‘06.