Comments on: Automobiles: The 2009 Detroit Auto Show http://www.ritholtz.com/blog/2009/01/automobiles-the-2009-detroit-auto-show/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 22:30:38 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Brendan http://www.ritholtz.com/blog/2009/01/automobiles-the-2009-detroit-auto-show/comment-page-1/#comment-139001 Brendan Wed, 14 Jan 2009 18:55:59 +0000 http://www.ritholtz.com/blog/?p=16081#comment-139001 The automakers are finally getting it. Gas is so 20th century. I should run friggin' GM. I told 'em not to crush the EV1, but noooo they didn't listen. They said nobody wanted them. Of course they didn't, you couldn't buy them, only pay a rip-off lease. Nobody would want a Carolla either if it had a $500 lease. Now they have to start from scratch. I could have saved the taxpayers billions and had this car out 10 years ago! :) To all the naysayers, I live in urban sprawl (closest public transit drop off from work is a full mile, so that' s not much of an option) and have only visited a gas pump once since October thanks to the 1985 tank from detroit that now runs on electrons using 70's era technology. The fun weekend car really just is a fun weekend car now. This really isn't that complicated... Build the damn cars, take a loss the first few years, and start raking in the dough. That's how R&D works. Have we forgotten how to develop new things in this country? But, but, it won't pencil the first year and the bean counters will wet their pants! The automakers are finally getting it. Gas is so 20th century. I should run friggin’ GM. I told ‘em not to crush the EV1, but noooo they didn’t listen. They said nobody wanted them. Of course they didn’t, you couldn’t buy them, only pay a rip-off lease. Nobody would want a Carolla either if it had a $500 lease. Now they have to start from scratch. I could have saved the taxpayers billions and had this car out 10 years ago! :)

To all the naysayers, I live in urban sprawl (closest public transit drop off from work is a full mile, so that’ s not much of an option) and have only visited a gas pump once since October thanks to the 1985 tank from detroit that now runs on electrons using 70′s era technology. The fun weekend car really just is a fun weekend car now. This really isn’t that complicated… Build the damn cars, take a loss the first few years, and start raking in the dough. That’s how R&D works. Have we forgotten how to develop new things in this country? But, but, it won’t pencil the first year and the bean counters will wet their pants!

]]> By: John Borchers http://www.ritholtz.com/blog/2009/01/automobiles-the-2009-detroit-auto-show/comment-page-1/#comment-138920 John Borchers Wed, 14 Jan 2009 17:02:35 +0000 http://www.ritholtz.com/blog/?p=16081#comment-138920 Surviving out there? I hope so. It's time to buy the banks. My target of S&P 820 in 6 weeks was very good. Picking up a bunch of XLF. Seeya in 6 weeks. Surviving out there? I hope so. It’s time to buy the banks. My target of S&P 820 in 6 weeks was very good.

Picking up a bunch of XLF. Seeya in 6 weeks.

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