04-18-2018 10:16:00 AM -0700
04-16-2018 01:32:51 PM -0700
04-16-2018 09:59:36 AM -0700
04-12-2018 09:53:41 AM -0700
04-10-2018 11:19:03 AM -0700
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.

Hide the Decline, Chevy Volt Edition

UPDATE: Hat tip to Mickey Kaus, who found an interesting (related?) item from TTAC. A commenter there calls it "felony stupid." See if you agree:

If you want to pretty-up the P&L of a car company, there are two quick fixes: You cut marketing expenses, or you cut R&D. A cut of R&D expenses won’t show up negatively for three to five years, when you suddenly lack new cars to sell. In the meantime, you look like a hero. General Motors plans to cut about a quarter of the workers at its R&D facility at the Warren Technical Center in suburban Detroit.

Kaus asks, "Why would GM cut R&D so profits look good in the short term? Is something happening in November?"

And that's the problem with crony capitalism. Let's pretend for a moment GM is making the right move here. But it would still appear that GM has made a political decision for Obama's political gain.