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Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:16:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:16:00

Forbes. free commuting, baby. i'm going to enjoy this car. i think we all will once we get our hands on one. >> david: i'm not against anything that g.m. makes. i love cadillacs, for example. give me a cadillac over one of these lick trick cars any day, neil. >> to plug it. in i think you only get 40 miles if you don't use the cigarette lighter. this is a game changer because what we are doing is changing the auto industry from one which relies on market forces to decide what gets sold to one where government subsidies decide what gets sold. that's actually pretty sad. if we are going to use s...

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:15:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:15:00

$45 billion of taxpayer money on top of that $14.4 billion in other loans and grants to help develop cars like this. this is a $41,000 economy size car that doesn't fit the american family in it and the american family cannot afford. and you know, the thing is g.m. was told that this would be a nonperformer, g.m. said we will not make money off of this car for some time to come. the obama g.m. task force said this car will not return profits to g.m. for some time to come as well. >> david: stephan, we, the taxpayers, own 61% of g.m. right now. if we're ever going to get paid back, they have to...

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:14:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:14:00

Facts on the table here. george bush bailed out g.m., saved a million jobs during the middle of a financial crisis. losing a million jobs then would have been a disaster. g.m. is getting ready to ipo again. we will get our money back and that's a good thing. >> david: we don't know that we will get our money back. >> the volt was a car that was on the works long before the bailout, has nothing to do with it it's not a big part of revenues. interesting experiment. price between the and nissan. it does local driving on electric and does long range. that's something neither the leaf or thes at te...

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:18:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:18:00

Car. >> david: tax that you get from the tax laws is different from a bailout. from a government bailout. >> david, i have an idea how the g.m. volt can return money. have the united states environmental protection agency outlaw all other cars on the road and can only drive the volt. date david quick word, go ahead. >> if you do not start making some electric car, you never make a great electric cadillac. have you got to start somewhere. >> if the consumer doesn't want it, unless the government bales it out, add infinitum. we will see what happened. we wish them the very best. coming up next, ...

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:17:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100731:15:17:00

>> well, apple has long-term history of being in know vaive. look, i put the question plainly to our viewers. do you want a veft with chevette with a battery or camaro with corvette engine. 0 to 60 in 3 pulp 7 seconds? they're going to choose the camaro. >> we will see. quinton, the bottom line is we will see. there are certain advantages that the volt has to the leaf, you are right. it has a gas engine that will take it beyond that 40-mile limit that the electric engine will take it the leaf doesn't have that there are some advantages. we will see how it shakes out, right, quinton? >> let's l...