Top on today's "what the hell did he say" piece comes courtesy of hybrid powertrain manufacturer Azure Dynamics. I really should start a Bafflegab Awards program, because I doubt few could top this gem:
"(Azure) today announced a restructuring and comprehensive cost reduction plan designed to address the realities of today's economy and marketplace while meeting the demand for tomorrow's most energy efficient commercial vehicles.
"The Azure plan includes an approximate 25% reduction in its current workforce along with expected reductions in all discretionary expenses and a focus on actions to offset recent component cost increases. In addition the Company plans to further rationalize its product development efforts to focus on existing products and is actively working with its customers on potential new programs that involve sharing of development costs. Azure is also taking steps to enable the Company to access low cost U.S. and Canadian government loans supporting development of more fuel efficient vehicles."
Translation: We're firing one-quarter of our employees, we're going to buy the cheapest parts we can find, if you want new-and-improved you've got to pay us more to design it, and if GM and Chrysler can have bailout money, so can we we.
