Tag Archives: General Motors

Tesla – and GM – Finally Admit It, by Eric Peters

Electric cars, including Tesla’s, in the US have yet to meet the market test: can they be sold without subsidies at a price that will their makers to make a decent profit? From Eric Peters at ericpetersautos.com:

 
 
 

GM – and Tesla – just publicly admitted that they can’t sell electric cars. Or rather, they need your help – via Uncle.

To pay people $7,500 each to “buy” their electric cars.

To be paid by those who pay the taxes which will make up for the taxes not collected from the people who “buy” electric cars. This is the wealth transfer scheme styled “electric car tax credits.”

They have been around for years – and may be coming back – because electric cars have pull rather than range.

Great sums of money were expended to extract great sums of money – via the tax code, which was adjusted to give preferential treatment to the purchasers of electric cars by making electric cars seem more affordable than they are, in fact.

 

In order to create the fiction of a “market” for electric cars, where none – or very little – actually existed.

If that were not the case, then why the need to pay people to “buy” them? In every other case of such massive discounting – an industry term –  the need to apply such discounts is taken as evidence of the car being discounted being a flop.

Get rid of them by whatever means necessary – as by giving them away –  and then build no more.

The Aztek being a for-instance. Imagine being paid to buy one. Of course, the difference with EVs is that instead of GM paying you to buy an Aztek, the government is making someone else pay for your electric Aztek.

Or rather, your neighbor’s electric Aztek.

No one would abide such a thing, much less laud such a thing. How come almost no one is questioning this thing?

That question is hardly ever raised – much less answered. Probably because of the answer. Electric cars are the Azteks of our time, but worse. And unlike the Aztek, which was merely ugly – electric cars are evil. A kind of cancer that is not only metastasizing but being encouraged to metastasize.

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Why Americans Are Broke, by Eric Peters

One reason Americans are broke is because they don’t have any low cost options, readily available in other country, on a big ticket item: trucks. From Eric Peters at ericpetersautos.com:

 

Remember when trucks were simple – and inexpensive?

They still are both – just not here. And ironically, they are built by the same company that will only sell you an expensive and complicated one, here.

General Motors.

Here, it will sell you a Chevy Colorado for $25,200 to start. This is the least expensive new truck GM sells in the United States. In China, GM sells a truck called the Zhengtu that starts at just over $9,000 through its Wuling subsidiary.

This truck would probably be of interest to many Americans – and not just because it costs less than half as much as the least expensive truck GM will sell you here. It has features you cannot get in any truck sold here – such as hinged, outward folding-flat bed walls that turn a compact-sized bed into a bed that can carry a full-sized truck load.

 

To get something equivalently spacious here, you’d have to buy a full-sized truck like the Chevy Silverado 1500 – and that one stickers for $28,600 to start. Even then, its bed isn’t as wide – or not, as you prefer, like the Zhengtu’s modular bed.

It’s just very expensive.   

Because, of course, it has to be. Uncle will not allow such things as bed walls that fold outward – it’s not saaaaaaaaaaaaaaaaaaaaaaaafe! In fact, all it is is non-compliant with current federal folderol, such as bumper/side-impact/rollover standards and so on – per my recent article on the subject.

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Affirmative Motors, by Eric Peters

What if building a better car has nothing to do with the race, ethnic group, gender, or any of the other tickers now used in hiring? What if it has more to do with engineering and technical competence? From Eric Peters at ericpetersautos.com:

GM used to hire engineers – and build cars. Now it counts beans – and signals virtue.

Word arrives that GM will henceforth explicitly judge applicants for employment based on how they look  – i.e., the color of their skin – openly repudiating the quaint idea that academic and other earned qualifications ought to be the sole criteria for employment.

Your hue will count as much as your degree – a surefire recipe for competence in critical work such as engineering.

But then, GM is doing less of that these days while doing a great deal more in the way of signaling and perhaps different CV are relevant for work of that nature.

It’s not just GM, either.

The pharmaceutical combine Merck – one of the developers of the Holy Jab – is on board, which will surely engender confidence in the due diligence of the people who mixed and tested whatever’s in the Holy Jab – along with WalMart, Verizon, American Express, Caterpillar and IBM and others who have joined a new racial combine styled the OneTen initiative, whose purpose is to put race first while insisting not to approve is – can you guess? – racist.

Mass hiring of black people – because they are black people – is the goal.

The initiative will “focus on hiring and training black workers without four-year degrees” in order to provide them with “family sustaining” jobs that pay on average $50,000 annually.

But this is not racist.

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Thinning the Cadillac Herd, by Eric Peters

For anyone who enjoys the mobility, autonomy, and freedom offered by automobiles, the future looks grim. From Eric Peters at ericpetersautos.com:

Since GM is having trouble selling EVs, it’s not surprising to learn it is buying out the dealerships that can’t sell them.

The trade publication Automotive News reports that GM is offering to pay any of its 880 Cadillac dealers as much as $500,000 to close their doors – in order to leave fewer Cadillac stores, so that when Cadillac “transitions” to selling nothing but EVs by 2030 (there’s that date again) it’ll look like Cadillac is selling more EVs.

Kruschev used the same trick to make Western observers think he had a huge fleet of intercontinental bombers  by flying the same six airplanes in a wide loop over Moscow for their viewing edification.

Meanwhile, the same GM that is paying dealers to close will be increasing what it spends on EV development by 35 percent to $27 billion over the next two years, probably because of the apparent selection of the new El Presidente, who has promised to “mandate” a market for EVs (assuming he doesn’t forget what he promised).

GM CEO Mary Barra is chomping at the bit – or rather, urging American drivers be “mandated” to chomp on the bit: “We are confident that  . . . we can collaboratively find the pathway that will deliver an all-electric future,” she warbled the other day.

This is as remarkable as it is political – as well as contra everything economical.

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