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Re: The Case for Federal Support for GM and the U.S. Automotive Industry
1. On Slide #4 it states "20 GM vehicles with EPA highway fuel economy of 30 MPG or better (most of any manufacturer, domestic or import)"
Great point and true, but GM MUST put a "face" on this - SHOW a slide of the Malibu with 33 MPG alongside a 31 MPG Camry and 30 MPG Accord then show another slide that the G6 and Aura match this.
It should also be pointed out that that same Malibu is the leader in JD Power's initial quality survey (a point mentioned on the same slide).
DO NOT assume the Senator's "know" this, put in an specific example with a picture.
2. Why didn't Wagoner hit the "softball" the Delaware Senator gave him and mention the 100 Sequel fuel cell vehicles in test (some of them in the DC area) better yet offer them one to "take home" or a least drive.
3. On Slide #7 a dollar figure should be put on the 2 million Americans with healthcare and 775K pensions - how much does it cost?????
4. Slide #10 should mention the Cruze will have a 40 MPG rating and be close to the 25% improvement requested in the $25 Billion "energy bill" and that GM should be allowed access to at least some of that money today to ensure a timely launch.
When is someone going to correct the $75 an hour wage?
The average viewer of the hearings will "assume" that means $75 an hour on the weekly paycheck or $3000 a week ($156K annually) which is not correct, and it must be broken down in average hourly wages then a total wage cost including vacation and benefits. Splitting the costs out illustrates to the average viewer the true cost of these benefits and savings that will be realized with the new UAW contract in 2010.
Overall I was not impressed with any of the Auto Industry representatives or the presentation and can see how the Senators are having trouble justifying this Loan money.
Last edited by SierraGS : 11-19-2008 at 09:52 PM.
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