It used to be that it took something like 5-6 years to develop a new vehicle from scratch. Apparently, though, GM has accelerated this to 6 months, as Nancy Pelosi is taking personal credit for the recently released GM vehicles.
House Speaker Nancy Pelosi and top Obama administration officials defended last year's federal bailout of automakers on Monday, pointing to new vehicles at the Detroit auto show as a sign of the industry's rebirth. ...
"We've seen ideas turned into policy turned into product," Pelosi said.
Pelosi and company fawned over cars like the Volt, expected to be a money-loser from the get-go, while ignoring the trucks and larger family cars where GM actually makes money. Bob Lutz steps up to take on the Orren Boyle mantle:
GM vice chairman Bob Lutz said Sunday that Washington's interest in the auto industry was welcome after being ignored by U.S. lawmakers for decades while other nation's backed their carmakers.
He said he had always thought the U.S. "was the only car-producing nation in the world where the administration and the politicians ... didn't know about American car companies, didn't care about American car companies - none of the politicians drove American cars."
"It's like we were the stepchild of the American industry and the American economy," Lutz said.
This is hilarious - few other industries have been the subject of more government bailouts and protection and subsidies than the auto companies. Remember all those DOE and DOT grants? Remember Chrysler bailout #1? Remember the tariffs and import quotas? But wait, it gets even more barf-inducing:
See, its all of our fault they went bankrupt, not their crappy management, crappy designs, and crappy labor agreements. All our fault. I feel so terrible.