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Actually, I see the Volt being the final nail in the coffin of a "I dun wanna go Chpt. 11" GM. $40K for a car that honestly does little to no better than the failure that the Prius has become won't help them as much as the Camaro could.
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Huh? The volt would require ZERO gasoline for 75% of America's commuters. That's loads better than a Pruis.
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4) Axe half of the stateside brands that are just redundant (Pontiac, Saturn, Hummer, US Buick, GMC as a noncommercial entity). Chevrolet (No SUVs or Silverados), Cadilliac(No SUVs), and GMC(Exclusively Commercial Vehicles - SUVs go here!) would be their bread and butter units in the United States. The plants left over could be used as future production facilities for more advanced 'green' vehicles, retaining the jobs there. Others could be retooled into research plants outside of Detroit as 'Field Research/Marketing Centers' Where people could have a more active role in designing cars in the corporeal that they'd like to see in the future rather than participating online.
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I hate to tell you, but you're missing two things - a) some people want a CHEVY truck, not a GMC. b) Many people still want SUV, be they full-size or crossover, they want the room and flexibility.