Why is GM self-destructing: owned by oil!

Funds controlling GM own much larger amounts of oil company stock. GM has a pathetic capitalization, has about the same share price (in actual dollars!) now that it had in 1969.

GM has a total market value of only $18B...puny even by manufacturing standards, compared to Honda or even Daimer.

Category:

Autos & Vehicles

Tags:

• General Motors
• GM
• Chevy Volt
• Wagoner
• Lutz
• RAV4-EV
• NiMH

[liveoilfree]

GM fought against the EV from the start. It was renegade GM engineers who delivered the Impact, and GM spent years killing the idea.

First, in 1994, they bought control of the batteries, and tried to suppress them.

Now why would they do that??

[xxxresistance]

I hope GM goes bankrupt for screwing the american people far too long.

[jonnydorobantul]

SCREW GM no BAIL OUT MONEY UNLESS THEY BRING BACK THE EV1

[DeadofWinter321]

Holy shit...BamFor07 has already waltzed onto this video and started bragging about how GM is such a good car company and that everything GM fucks up on isn't their fault... Fail! Got Money?!?!?

[gabbogabbo]

Dont forget that more oil goes to China and India now then ever before, so if the oil companies dont allow technology to develop, price of gas will go so high because of supply and demand, we wont be driving anything at all. Im sure that we will be seeing better EVs sooner rather then later.

[dave777blaster]

GM was run so poorly into the ground

Because America will become nothing more than

agriculture and medicine

and little else

oh yes the rest of GM is going too

[irocx29]

SUV R a JOKE GAS WAS CHEAP ? know way you R BRAN WASH. 1978 I no we was being B WASH there was not much Gas lift so we got F... & GAS GOT hi 150to 180 a gal os we did not know we was geting Train like Mice now you r train by oil!!! & can't SEE SHIT BUT SUV?

[tenrazo215]

you must be working for big oil.

[tenrazo215]

Big oil will not allow technological advancements for batteries, because it will devalue their oil. they can't see far enough into the future that the EV industry can and will replace oil money.

[johan28]

You think people are choosing IC over EV? Most people I konw don't even know what EV stands for, and don't evne konw there're EV's on the road.

[furknee06]

wow love your videos

[BamFor07]

Not true with oil at $41 dollars a barrel there is no market for fully electric vehicles. Believing that the oil companies are behind the death of the old EV1 is ridiculous. Remember that car came out before the huge SUV craze even began, gas was cheap. I would suggest you do come research on the market before you try to comment on the size of one market compared to another. Big SUV's still outsell Priuses by a wide wide margin. Nothing wrong with big SUV's if people are willing to pay for them.