GM Willing to Buy Back Volts

[PapaG]

This generation's Pinto, and Obama owns it, along with the taxpayers buying back this dud.

http://abcnews.go.com/Business/wireStory/apnewsbreak-gm-buy-back-volts-15067024

General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire, the company's CEO said Thursday.

In an exclusive interview with The Associated Press, CEO Dan Akerson insisted that the cars are safe, but said the company will purchase the Volts because it wants to keep customers happy. Three fires have broken out in Volts after side-impact crash tests done by the federal government.

Akerson said that if necessary, GM will recall the more than 6,000 Volts now on the road in the U.S. and repair them once the company and federal safety regulators figure out what caused the fires.

"If we find that is the solution, we will retrofit every one of them," Akerson said. "We'll make it right."

~snip~

"I think in the interest of General Motors, the industry, the electrification of the car, it's best to get it right now than when you have — instead of 6,000 — 60,000 or 600,000 cars on the road," he said.

 

[Denny Crane]

600,000 of these on the road? That'll take 100 years.

 

[BLAZER PROPHET]

And for this Obama screwed over the GM investors, gave the company to the union to screw with and and we get this.

Kinda makes sense, ya know.

 

[DaLincolnJones]

as per the Automotive News, November 14th, 11850 total production year to date.

 

[Denny Crane]

as per the Automotive News, November 14th, 11850 total production year to date.

Ok, ~50 years.

 

[maxiep]

as per the Automotive News, November 14th, 11850 total production year to date.

And how many are unsold?

The bottom line is that even the very best venture capitalists have a success rate like a batting average. Expecting Federal Government bureaucrats to pick winners and losers successfully is insanity.

 

[BrianFromWA]

Failing 7 out of 10 makes you a Hall of Famer?

 

[DaLincolnJones]

And how many are unsold?

The bottom line is that even the very best venture capitalists have a success rate like a batting average. Expecting Federal Government bureaucrats to pick winners and losers successfully is insanity.

Hey man, I hear a hot tip on a solar pannel company..the Feds gonna dump a big bag of cash on it...

 

[MARIS61]

Failing 7 out of 10 makes you a Hall of Famer?

That's why they call it gambling.

 

[Denny Crane]

Obama administration goals are for 1M electric cars on the road by 2015.

Gimme some of what they're smoking.

 

[julius]

And for this Obama screwed over the GM investors, gave the company to the union to screw with and and we get this.

Kinda makes sense, ya know.

considering it was set up by Bush in the first place, I'm not sure why you brought that up (actually I am).

 

[BLAZER PROPHET]

considering it was set up by Bush in the first place, I'm not sure why you brought that up (actually I am).

It was my Maris impression.

How'd I do?

 

[julius]

It was my Maris impression.

How'd I do?

damn you. It was obviously convincing.

 

[MARIS61]

And for this Obama screwed over the GM investors, gave the company to the union to screw with and and we get this.

Kinda makes sense, ya know.

Obama saved the GM investors' asses in the first place. Without the bailout they'd have lost everything.

It's what happens when you invest in GM. It's always been a fool's bet.

 

[Denny Crane]

Wrong.

 

[3RA1N1AC]

i want my car to run off of false hopes and dead dreams, unlimited energy!