Today was not a good day for General Motors and Chrysler. Rick Waggoner was shown the door by Washington and GM was told in no uncertain terms that bankruptcy was an option for them. Chrysler was told they have 30 days to convince Fiat they have a future or it was curtains for them. However what was worst was the realization that the future of bloated SUVs and mediocre mileage was well and truly over when Berkshire Hathaway announced that the BYD plugin hybrid vehicle will be on display in May at Buffett’s general shareholder meeting in Omaha.
The annual shareholder meeting is no Volvo driving latte drinking San Francisco set. These people represent the core General Motors constituent, middle America. The problem for Detriot is that if Warren Buffet, the true Anti Wall Street hero...
The Chevy Volt’s PR campaign continues with ABC taking a look under the literal covers. My question is why did GM have to put themselves into this position that they need to make an electric hybrid in 4 short years.......