SlowHands
04-01-2009, 08:28 AM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg ...the Chevrolet Volt, which the White House calls too little, too late and too expensive. (http://blog.wired.com/cars/2009/03/feds-say-the-vo.html)
http://www.cleanmpg.com/photos/data/501/2011_Chevrolet_Volt_Front1.jpgby Chuck Squatriglia - Wired Autopia – March 30, 2009
GM has been backwards thinking for maybe a bit too long. -- Ed.
General Motors has all but bet its future on the Chevrolet Volt, but the government says the range-extended electric vehicle won't save the beleaguered automaker.
"While the Volt holds promise, it likely will be too expensive to be commercially successful in the short term," President Obama's auto task force said in its assessment of GM's restructuring plan.
The panel soundly criticized the restructuring plan GM submitted as part of its request for a federal bailout, saying it relies on unrealistic and overly optimistic projections. The task force believes GM can become a competitive automaker, but only by shaking up its management — which is why Obama essentially fired CEO Rick Wagoner — and accelerating its restructuring.
"A great deal of progress needs to be made," the panel said in its five-page summary (.pdf) assessing GM's proposal, "and GM's plan contemplates initiatives that will take many years to complete."
Among them is the Chevrolet Volt, which the White House calls too little, too late and too expensive.
GM says the range-extended electric car will be in showrooms by the end of next year; the first production prototypes will be on the road in June. The four-door sedan will deliver 40 miles on a charge; a small gasoline engine will recharge the battery as it approaches depletion, extending its range by as much as 200 miles. The car is expected to cost around $40,000...http://blog.wired.com/cars/2009/03/feds-say-the-vo.html
http://www.cleanmpg.com/photos/data/501/2011_Chevrolet_Volt_Front1.jpgby Chuck Squatriglia - Wired Autopia – March 30, 2009
GM has been backwards thinking for maybe a bit too long. -- Ed.
General Motors has all but bet its future on the Chevrolet Volt, but the government says the range-extended electric vehicle won't save the beleaguered automaker.
"While the Volt holds promise, it likely will be too expensive to be commercially successful in the short term," President Obama's auto task force said in its assessment of GM's restructuring plan.
The panel soundly criticized the restructuring plan GM submitted as part of its request for a federal bailout, saying it relies on unrealistic and overly optimistic projections. The task force believes GM can become a competitive automaker, but only by shaking up its management — which is why Obama essentially fired CEO Rick Wagoner — and accelerating its restructuring.
"A great deal of progress needs to be made," the panel said in its five-page summary (.pdf) assessing GM's proposal, "and GM's plan contemplates initiatives that will take many years to complete."
Among them is the Chevrolet Volt, which the White House calls too little, too late and too expensive.
GM says the range-extended electric car will be in showrooms by the end of next year; the first production prototypes will be on the road in June. The four-door sedan will deliver 40 miles on a charge; a small gasoline engine will recharge the battery as it approaches depletion, extending its range by as much as 200 miles. The car is expected to cost around $40,000...http://blog.wired.com/cars/2009/03/feds-say-the-vo.html
