treehugger.com:
A couple of months ago, GM said that it would keep the Chevy Volt even if it lost money. Now, post Chapter 11, they're saying that the bankruptcy won't affect the Volt. The problem is, the US government might have the final say on the matter, and Obama's auto task force seemed to think that the Volt might not make commercial sense (like the Wall Street Journal). What will happen to the Volt?
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Obama's team has already recommended killing the Volt:
from Automotive news April 2, 2009:
"the US government's auto task force told GM that the Volt was "too expensive to be commercially successful"
This will probably change when Al Gore is put on the new GM board of directors. They will still lose money on any and every Volt produced.
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First Posted: 06- 2-09 11:47 AM | Updated: 07- 3-09 05:12 AM