Can you say boondoggle?
Poor
Government Motors. When they sought a
bailout from Congress, GM thrust their Chevy Volt onto the market claiming it
would be their standard bearer for hybrid electric cars.
Mike
Brownfield, writing at The
Foundry says, Volt has been “a linchpin in the Obama
Administration’s “alternative energy” drive. In the President’s stimulus bill,
a hefty $7,500 tax subsidy was offered to Volt buyers, bringing down
the cost of the $41,000 vehicle, all at taxpayers’ expense. And the same
federal government that bailed out GM and became a part owner also became a
customer, buying 116 Volts for its government fleet.”
Here’s the
problem—the damn things catch fire.
GM will recall
the more than 6,000 Volts that are currently on America’s highways and byways
and repair them when the geniuses at GM figure out the cause of the fires.
CEO Dan
Akerson said, “If we find that is the solution, we will retrofit every one of
them. We’ll make it right.”
If you find
the solution, Dan? Really?
Love the blog! Linked at Milpundit.
ReplyDeleteSolyndra is dead, GM is dying. Got a graphic for that? :)
ReplyDelete