[Boomer One]

Well, I guess the rise in gasoline prices spells doom for the new Corvette Stingray even before it gets into showrooms. If they think this will push us into Volts, they're wrong. People will just keep cars longer resulting in even less sales and the need for another GM (Union) bailout. We had a phrase for this in banking and it was called “throwing good money after bad”. Upset the natural order of things and you only delay the inevitable result, bankruptcy in this case.

[blueunicorn6]

I don’t see a good future for GM. Toyota is selling the Prius for $20,000. They can’t sell Volts for that kind of money. The rising gas prices will put a damper on pickup and large SUV sales. And I don’t see GM coming up with attractive new cars. The only way for them to make it is with more taxpayer money. And they’ll just produce worse and worse cars because they won’t have to compete.