So, let's see. GM is burning 3 billion a month. A typical product development program costs 1 to 6 billion over 4 years.
I rather think they bet the farm on making unsaleable unprofitable cars, the Volt is just one last fart of activity from a decaying corpse.
"The Pinto was a deathtrap, sure"
In fact it was at safer than its competitors, overall. I vaguely remember that from 2 million pintos sold, fewer than 100 deaths resulted from fuel tank fires, slightly better than average for that class of car at the time, and of course far short of 'thousands' that court case publicity stated.
... and then easily surpass them.
Isn't that the bit you are really afraid of?
So, could you explain how an economy can endlessly drain its currency by doing this to support a low exchange rate, without compensating elsewhere?
And if, in fact it is possible without negative consequences, why the target economy does not respond likewise?
I just remember all the crap that was thrown at Japanese support of the cheap yen, great way to grow the economy guys.
We are each entitled to our own opinion, but no one is entitled to his own facts. -- Patrick Moynihan
