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The Auto Bailout - What really happened?

About 6 months ago, I posted a Blog called: Who killed the electric car, and why?

In light of the huge sums of money that the auto industry is asking for from Taxpayer's money, I think it's appropriate to revisit the question.

The technology was available to avert our dependence from foreign oil, but it was not allowed to become commercially viable.

Taxpayers deserve a comprehensive explanation as to what really happened - and why.

Posted by Stewart Penn - Los Angeles Condo Specialist on 12/06/2008 04:15 PM

Comments (5)

Auto Industry Bailout in the ActiveRain Channel

auto bailout, mortgage crisis, finance, going green

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5 Comments on The Auto Bailout - What really happened?

DEC

2008

Stewart, Missy Caulk sent me an excellent article written by Pat Buchanan. If you'd like, I can forward it to you.

just email me: Kris @ Macombhomes.com

Steward,

The auto idustry has had gas saving technologys for decades and has choosen not to develope them see below especial watch the youtube video on Jack Nicholson!

The 1966 General Motors Electrovan is the first hydrogen fuel cell vehicle of record. The GM Electrovan was based on the 1966 GMC Handivan and carried all of the fuel cell parts and hydrogen storage tanks in the back of the van. The 1966 GM Electrovan was powered by a 5 kw Union Carbide fuel cell and the vehicle had a range of 120 miles, though it was only driven on company property.

In 1978, the H2-4 Chevy was presented to Jack Nicholson on a CBS special news report. The H2-4 Chevy used an modified internal combustion engine to run on hydrogen gas. Nicholson sniffed the tailpipe of the H2-4 Chevy and fogged his glasses to show how clean-burning this vehicle was emitting only steam.

http://www.youtube.com/watch?v=TjfONpsFvyM

DEC

2008

Eric - It's truly unbelievable that the energy crisis could have been avoided, and so could the automaker's mess.

Yes it is we have had Electric, Hybrid, Hydrogen technologies for decades I even read about the big three prototype cars get 106 miles per gallon in 1978.

Stewart,

I Blame Everything on Bush, he was or still is in the Oil Business

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