Dread, where did the CEO update come from? I don't see anything on Torvec's website. I love the back and forth on this board, VERY interesting, but it's kind of weird that I get more real info, not just rants, on this board, than I do from Torvec.
BTW, IF the deals happen as described and IF that news gets distributed and understood by the general public, your back of the envelope figures might end up being low. THAT would be funny after a year of beating on this stock. Not as funny as American auto investors looking to China for innovation and growth. Too bad Dodge is run by Germans and GM is run by bad accountants.
That article seems about right. I don't see how GM avoids becoming another US Steel over the the next ten years. Maybe they will build new plants next to the ones Honda and Subaru built in the US and fill them with non-union labor. If they don't come up with a way to get rid of the $1,500 per car disadvantage, it won't matter what they do.