RV Fuel Issues & Prices - Post 'Em Here!
All other fuel threads will be automatically deleted. :)
Forum Discussion
IIRC the bondholders (even secured bondholders) took a loss in the GM BK and the money primarily went to make the UAW retirement and medical liabilities whole. I don't know what the haircut was for the bondholders but still payment was second to the union demands. To me the bailout was about preserving jobs and funding union legacy costs.... not the development of new products.
I think it is too early to tell if the plug in vehicle momentum is a passing phase or the technology is just not here yet.
It took some time for coal fired train engines to be replaced by diesel-electrics. Many said the diesel electric would never make it to the long haul runs and were doomed to stay in the switch yard where they started. I see the short range of most current electric vehicles the same way.
Technology will move forward and this investment in the Volt is a great push forward.
JMHO.
I think it is too early to tell if the plug in vehicle momentum is a passing phase or the technology is just not here yet.
It took some time for coal fired train engines to be replaced by diesel-electrics. Many said the diesel electric would never make it to the long haul runs and were doomed to stay in the switch yard where they started. I see the short range of most current electric vehicles the same way.
Technology will move forward and this investment in the Volt is a great push forward.
JMHO.
