Monday, March 12, 2012

My, what an intellectual puff-piece about the electric Edsel

Pity the Chevy Volt. Ever since it became known that the plug-in hybrid car’s batteries had burst into flames after government crash tests, the Volt has become the whipping boy of Republican politicians.
Conservatives have equated General Motors Co. (GM)’s Volt with everything from government bailouts to radical left-wing environmentalism.

We shouldn't???

Politics aside, Volt sales have been a source of disappointment for GM. The Environmental Protection Agency gave it a 95 mpg rating for city driving, less than half the 230 mpg rating GM had anticipated in 2009. After the battery fires became public in November, 2011 sales fell short of Akerson’s goal and following slow sales in January and February, GM decided to stop making the cars for five weeks.

Actually, guy- it's closer to one third of the rating...but you're on a financial news site- don't worry about the math.

While the government’s investigation found the Volt to be as safe as other vehicles, they are complicated and expensive for a small car at nearly $40,000 before a federal tax credit. Nissan Motor Co. (7201)’s Leaf electric car missed its sales targets last year, too, raising questions about the size of the market for technology-laden fuel-efficient vehicle.

This is the same .GOV that found problems with Toyota when there was no brake problems? But then there wasn't after it hurt sales...right?

~snip~
Republicans buy Silverado pickups and other Chevrolets in greater numbers than Democrats do, said Art Spinella, who studies new-vehicle buyers as president of CNW Marketing Research in Bandon, OR.

UMMM....
Buyers from the political center to the right, “will not buy a car that has anything at all that they perceive being associated with the administration,” Spinella said.

Right...I'm still waiting for my TEEshirt that says "GM got $50 Billion of my money and not only did I NOT get a truck--I didn't even get a shirt that says I didn't get a truck".

After President George W. Bush extended emergency loans to GM’s predecessor, Obama’s administration managed its $50 billion bailout. The U.S. still holds 32 percent of the GM shares, which have gained 26 percent this year after falling 45 percent in 2011.

Obama has embraced the Volt’s fuel-saving technology and said it’s his choice for a new car once he’s no longer president.

“It was nice,” he told a United Auto Workers audience on Feb. 28 about sitting in one. “I’ll bet it drives real good. And five years from now when I’m not president anymore, I’ll buy one and drive it myself.”


Yeah, Barry- sandwiched in between a convoy of Secret Service SUVs that get 8MPG.

This song's for you Mr. President-

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