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VCs find living dinosaurs...in Detroit

Despite the billions in loans and bailouts and the much abllyhooed re-org of Chrysler and GM, some prominent Silicon Valley investment leaders find Detroit's auto industry hopeless and heedless of the needed innovation. They see a new American auto industry far away in miles and mentality from Detroit once-bug-three.

Despite the billions in loans and bailouts and the much abllyhooed re-org of Chrysler and GM, some prominent Silicon Valley investment leaders find Detroit's auto industry hopeless and heedless of the needed innovation. They see a new American auto industry far away in miles and mentality from Detroit once-bug-three. Look at some of the names of the new generation of vehicle makers and support services: Tesla--California Fisker--California Brammo--Oregon Better Place--California Chery--China Tata--India BYD--China Th!nk--Europe Zenn--Toronto, Canada If you check this plug-in tracker, you will see that Detroit is not only financially crippled, it is far from leading the world toward electric vehicles. If high fuel prices drive more drivers to plug-in cars, it ia NOT going to be any help to Detroit's automakers.