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General Motors made some big headlines this morning with word that its Chevrolet Volt electric car will get 230 miles per gallon in the city. That’s an impressive feat to be sure. It will certainly leap frog any car on the market except for all-electric cars like the Nissan Leaf or the Tesla Roadster when the Volt goes on sale late next year. But the Volt has an advantage for some drivers because its gasoline engine keeps recharging the battery, so drivers can drive far longer than the Leaf’s 100 miles. In auto industry parlance, the Volt is an extended-range electric vehicle.
SAN FRANCISCO (MarketWatch) -- General Motors took an audacious leap forward Tuesday in the already hyped marketing of its Chevy Volt, the electric car that by some accounts is destined to redefine the auto industry.
"When the 'new GM' launched a month ago, I said our priorities were customers, cars and culture," said Henderson. "We need to put customers first. And [Monday] we hosted customers first because we wanted to get their feedback right off the bat."
OK so let me get this straight!
I'm reading how the present administration wants to help create jobs. We can't let GM fail. So they spend BILLIONS of OUR Tax Dollars on GM. Then they turn around and offer it to the highest bidder. Then Sales sky rocket in GM's Chinese sales. Then they shut down even more factories here in the states. All the while they say they need to expand and get Exports up.
Am I reading this right?
Tell me if I'm off base here, Because If I'm not it's yet another example of TPTB looking out for our best interests.
GM's China Car Sales Rise 78%
BEIJING -- General Motors Corp. said Monday its sales in China surged 77.7% in July from a year earlier to 144,593 vehicles, a record for the month in the company's second-largest market.
"This was GM China's best July ever, extending an uninterrupted series of single-month sales records that started in January 2009," GM said in a statement.
China, which overtook the U.S. in January as the world's largest auto market by sales volume, is playing a key role in GM's recovery after it emerged from bankruptcy protection last month.
The company's sales in China during the January-July period rose 42.8% from a year earlier to 959,035 units. GM didn't provide year-earlier figures. It sold 143,294 vehicles in China in June.
GM buyout offers falls short of goal, layoffs loom
DETROIT — About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.
GM has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500. Monday's report means that about 7,500 too few workers took the offers, setting the stage for more layoffs.
The automaker announced in June and July that it would close 15 U.S. factories employing about 22,000 workers by end of 2012.