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The don't have a "liquidity issue", they are utterly insolvent.
by ckinnan 18y ago
The don't have a "liquidity issue", they are utterly insolvent.
- Xichekolas 18y agoAh yeah, sorry. Part of my problem is that I actually believe the Volt would be great thing for them, so I look at their current problems and think: "if they can just last until the Volt comes out, they will make it". I realize that makes me a bit of a Pollyanna.
- hugh 18y agoI doubt they'll be able to sell the Volt at a big profit initially. They'll probably be forced to sell it at cost to keep the price from being too ridiculous -- and they're talking about the manufacturing cost being something like $40K.