Tag: Chevy Volt

$24B in the red on GM alone.

Former General Motors Vice Chairman Bob Lutz on Friday sharply criticized Republican presidential candidate Mitt Romney, defending the rescue of GM and Chrysler as a "necessary government intervention."

Rest here

Levin, who purchased his electric car with gas backup in April at a Michigan dealership, lives in a historic Washington rowhouse with no garage or dedicated parking spot. No luck there. Ditto for the garage of the U.S. Capitol.

So Levin and some other senators have sponsored a bill to get plugs in the garage.

"We're pushing this infrastructure on other people these days, the least we can do is have it for our own employees, provided there's no cost to the government," Levin said.

Carl, there hasn't been one damn thing in your 32 years in DC that your fellow Marxist Party has done to cost "government" a penny.  It's fleecing 'We the People' plenty though.

It certainly doesn't seem like a success for the taxpayers.  GM stock is about $30 today, and unless it gets up to $54, the taxpayers lose money on the deal.  Why would it go up?  You want to fight high gas prices by buying a Volt?  How does $41 grand a pop sound? And still GM loses money on every one it sells even at that price.  Not only that but we are seeing that government subsidies for electric cars is good tax money wasted in any case.