Once again, the guy behind WallStats.com brings you a visual guide of a current financial/economic crisis. Over at Mint.com, he offers a visual guide to understanding the Fall of GM.
In recent weeks, GM has been making a last-ditch effort to deal with its mounting problems and somehow escape bankruptcy. The final outcome of remains to be seen, but any bailout efforts or even the most drastic of moves at this stage seem to be, as visualized below, the equivalent of lifting massive, crushing weights with simple balloons.
And to add a little dash of ‘holy crap we’re not out of the woods yet’…
Even with the announcement today that 7,600 workers volunteered for the job buyout program, the March 31st deadline for key concessions from the union workers and bondholders is still looming large.
That being said… did anyone see the World’s Cheapest Car – The Tata Nano? It claims to get 55.5 miles/gallon
I must admit I have somewhat of a lead foot so I’m not sure I could drive around in what looks to be a glorified Micro-machine… could this EVER succeed in the US?
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now that its done i wonder if its good enough to join the list !"
He did one small mistake, unfortunately everyone does mistakes."
{ 2 comments… read them below or add one }
could that car succeed in the US? I don’t know if it would be a blockbuster but I think its already being tried with the Smartcar for 2.
Plus to get that car to be sold here it would undergo stricter safety and environment regs.
It reminds me of Subaru’s first foray into the US with the 360.
Tad… you’re right, I had totally forgotten. I called up the nearest dealership and they claim there’s a really long waiting list to buy a SMART Car right now.
Whenever I think of American’s adopting hybrids or more energy efficient cars… i think of this cartoon: http://simplecomplexity.net/wp-content/uploads/2008/04/hummercartoon1c.jpg