General Motors veep Larry Burns previews cool next-gen car design: sleek, customizable (and computer-enhanced) vehicles that run clean on hydrogen — and pump energy back into the electrical grid when they’re idle.
Larry Burns is the vice president of R&D for GM. His job? Find a new way to power cars. Full bio and more links
"My formula for success is rise early, work late and strike oil." —John Paul Getty
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
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January 12th, 2009 at 4:12 am
Well that’s a lot of lovely nonsense. Is he selling Genesis World Energy stock too?