I have a morning routine. I get up, feed and tend the dogs, pour a cup of coffee and watch the local news to keep up. I live in the northern suburbs of Detroit, Michigan USA, the home of General Motors (remember that for later).
There were 3 top local headlines this morning.
1. General Motors will re-enter the stock market tomorrow with an initial IPO of $33 per share.
2. Chevrolet (a product of General Motors) got an award from Motor Trend Magazine for the development of the Volt (an electric hybrid that will list in excess of 50 thousand dollars…yah…we’ll all get 2 of those)
3. There was a traffic accident on the busiest inlet to downtown Detroit that closed the expressway.
So here’s how it played out…
General Motors stock is a big deal around here. It means that they are going to raise money to pay back the federal loans they got on the backs of all the people they layed off before going bankrupt.
The Volt, although a great idea is priced above general market demand and in fact the cost of hooking up the “special” recharging system adds another $5000 to the cost of owning a vehicle that actually only travels 40 miles on electric power.
The Accident…A vehicle traveling along the service drive lost control plunging 30 feet down onto the expressway and slammed (airborne) into the side of a charter bus (which fortunately was empty of passengers). There was a remote reporter on the scene who could not offer any information, but managed to eat up 6 minutes of reporting the scene knowing nothing. The in-studio reporter made and obsessive point of trying to find out the make and model of the flying vehicle…this caught my attention…what possible difference could it make?
The news recycles about every 15 minutes and by the time the crash story resurfaced we knew it was a 2010 Chevy Malibu (A General Motors product) had flown off the service drive into a bus. Oh joy.
Mind you, I am not glued to the news. I shave and shower, play with the dogs, drink more coffee and generally have the program on as background noise.
So here we have, GM offers IPO, Motor Trend awards GM, accident closes expressway…but by the time I had heard the 4th recycled headlines it all sort of ran together and became a blur and what I heard was…
“Motor Trend awards GM for flying vehicle that can crush buses at $33 per share”.
And in the end what I am asking...is what does GM think about all of this and do you distill the news differently?
I’m just saying.
Is It Just Me…(Please Say No!)
Posted by
Ron
on Wednesday, November 17, 2010
Labels:
confusion,
morning news





























8 comments:
My only question for you is....do you like Chinese food? Because the last I heard China was working a deal to buy a significant part of GM (if it hasn't already). =) hmmmmm....the person driving the Chevy didn't happen to be Chinese did they?
Just curious! =)
Hey Jewell - No matter what I have been working on my Mandarin :)
I used to live in Birmingham, which was home to Rover, the UK's largest car company. Rover went bust, and the government refused to bail it out. It was a HUGE scandal at time because tens of thousands of people lost their jobs.
But, a foreign company did come in and save a bit of the wreckage. The German owned BMW bought the rights to manufacture the Mini. I don't think you have them over there, but they are cool as. Sounds a bit similar to GM and the Chinese.
Hi Anne - Actually the Cooper Mini is a huge hit here...but you are right...it does sound similar. My confusion was how the stories ran together and left a mixed message for the viewer.
Hey I stumbled upon your blog and wanted to say how much I love it! Thanks for posting. I will be back for more!
Hello Melissa - Thanks for stopping in and you are welcome anytime :)
I think after a while the guys in the tech booth must get painfully bored and just start messing with us for fun.
Jayne - I beleive you are right :)
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