Chevrolet turns 100
Today marks the 100th Birthday of Chevrolet, as on September 16, 1908 incorporation papers were filed and the company quickly rose to become the world’s Number 1 Auto Manufacturer...
Yet, like its remaining two adversaries of Detroit’s crumbling “Big Three;” Ford and Chrysler, Chevy has fallen on hard times after riding a long wave of credibility due to its dependence upon SUV’s and Pickup trucks, along with artificially controlled oil prices and a total unwillingness to reinvest and modernize its Corporate infrastructure, instead simply trying to sell its same staid products in new overseas markets...
Thus, although Chevy will finally roll out its much hyped Volt EV automobile today, don’t expect too much celebrating from the company that’s lost $57.5 Billion in the last 18 months and is trying feverishly to grease the skids for a $25 Billion handout which will cost the US Taxpayer and additional $7.5b in interest...
Yet, like its remaining two adversaries of Detroit’s crumbling “Big Three;” Ford and Chrysler, Chevy has fallen on hard times after riding a long wave of credibility due to its dependence upon SUV’s and Pickup trucks, along with artificially controlled oil prices and a total unwillingness to reinvest and modernize its Corporate infrastructure, instead simply trying to sell its same staid products in new overseas markets...
Thus, although Chevy will finally roll out its much hyped Volt EV automobile today, don’t expect too much celebrating from the company that’s lost $57.5 Billion in the last 18 months and is trying feverishly to grease the skids for a $25 Billion handout which will cost the US Taxpayer and additional $7.5b in interest...
Labels: Automobiles, Commentary
posted by Tomaso at
8:49 AM
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home