Hib Halverson
Technical Writer for Internet & Print Media
So what are you figuring for the ZR1 hp?
I'm not guessing on that because I don't think there will be a C7 ZR1 in the near future.
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So what are you figuring for the ZR1 hp?
I'm not guessing on that because I don't think there will be a C7 ZR1 in the near future.
Maybe when they start making them in China like the CTS they will be less expensive. Also we won't have to bail them out again.
:duh
I simply will not own one when they are not made in USA, regardless of the price. Also, I am very pleased that GM was bailed out. It was a good move for our government. Look at them go now.
Come on Hib, it's just a "ZO6" not a "ZR1."
GM has to leave a little room to grow in 2016.
I have heard that the difference between a rumor and a fact is about 7 days.
I'm not guessing on that because I don't think there will be a C7 ZR1 in the near future.
Just to play devil's advocate...
I'm sure all the GM bond holders and stock holders who were wiped out would not share that belief.
Also, the Federal Government took a huge loss on the GM stock it sold.
The reason you can "look at them go now" is all that debt, pension obligations and health care costs were shed when stock became worthless and the bonds were not paid.
While I agree that the "new" GM in many ways is a much more healthy company, I also remember there were hundreds of thousands of investors and bond holders who suffered huge losses, not to mention we tax payers.
Just to play devil's advocate...
I'm sure all the GM bond holders and stock holders who were wiped out would not share that belief.
Also, the Federal Government took a huge loss on the GM stock it sold.
The reason you can "look at them go now" is all that debt, pension obligations and health care costs were shed when stock became worthless and the bonds were not paid.
While I agree that the "new" GM in many ways is a much more healthy company, I also remember there were hundreds of thousands of investors and bond holders who suffered huge losses, not to mention we tax payers.
If GM went out of business back then, bond holders and stockholders would have gotten little or, more likely, nothing. Who would buy the product names or mostly outdated factories in the rust belt? To be reminded of the value of old Detroit production facilities, please tour Kenosha, South Bend, greater Detoit, St Louis and dozens of other sites. The cars on-hand would have been sold below cost, as were Saturns, Olds and Pontiacs before them. The cost of liquidation (LEGAL FEES, advertising, accountants, advertising, facility upkeep for the 1-2 years to complete the project, etc.) could have easily been greater than the proceeds. Add the cost to the states and the Feds, of a couple years of unemployment for up to a half million workers at GM and suppliers, and the bail out makes more sense. The workers kept their jobs, but gave back work rules, pension contributions, etc. In the end, it might have been fair all the way around.
And you wouldn't have your 2012 Z, and this forum would be pretty quiet without the C7 to talk about.
I think the bail out was the best of three or four lousy options, but most minds are long past being changed in this era of discord. The bailout was authorized by GWB and carried out by BO, so partisan politics as a factor in the bailout is bogus.
Didn't Tadge Juechter recently hint that the current ZR1 would be the last one?
No. He did not.
Recently, Juechter was asked in an interview to discuss more details of the upcomming 2015 Z06. He demurred but was pressed several more times by the interviewer. Finally he said, "If we don’t get sales back up, there won’t be a next one." Following that exchange, a GM Communications representative who was present decided to end the interview.
I think it's safe to say that Juechter's comments were not about any future ZR1 model, specifically, but were made to address the general idea that if Corvette sales were not to improve beyond what they were in the late C6 era, there would be no business case to develop another new Corvette product beyond the C7 Z06.
Having done formal interviews with Tadge Juechter several of times and spoken to him informally many times in the 20 or so years he's been with Corvette, I'll speculate that Tadge may have been miffed by the interviewer's continued attempts to get him to comment on future product in spite of polite refusals and, out of frustration, made that statement without carefully considering his choice of words.