General Motors CEO Dave Smith today told a hastily assembled Detroit press conference that the auto maker's first new marque after entering bankruptcy would be the "Obama."
"The Obama will be sleek, powerful, and able to go in many different directions at the same time," Smith told reporters. "It will get great mileage, look beautiful, and be the envy of its owners' neighbors."
Smith said that the only problem with the car is its pricetag. It will cost "upwards of $12 trillion," Smith said. "All we have to do is sell one."
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