Wednesday, December 28, 2011
posted by Spencerblog at
Found this interesting piece on AOL this morning. Thought you would find it interesting - Myths-"The Obama White House is forcing General Motors, in which the government still holds a stake after the 2009 tax-payer assisted bankruptcy reorganization, to build the Chevy Volt and other small, fuel efficient vehicles"There is no evidence of this. It is likely that GM CEO Daniel Akerson, who is a self-described hardcore Republican who wants to buy out the government's stake or offer it to the public at the earliest possible date, would be the first to vocally complain about meddling from the Obama Whitehouse in day-to-day operations.GM's development of the plug-in extended range electric Volt was done as a way of trying to leapfrog Toyota's hybrid technology. It succeeded on several levels, including the ability of the Volt to go about 35-40 miles on a battery charge before a gas-powered motor kicks in to power the battery until a recharge can be done.The White House has dictated tougher fuel economy rules for the entire industry, a move that has all the car companies developing more fuel efficient vehicles. That the White House is manipulating GM is the creation of radio talk show hosts in an election year, but it has no basis in truth. Republicans are vocal in opposing the $7,500 tax credit Volt buyers, and buyers of other electric vehicles, receive from the government.
I chose the story out of MSM Left wingnut paper so I was looked at as fair. It's perception. http://content.usatoday.com/communities/driveon/post/2011/12/gm-general-motors-president-barack-obama-stock-loss-taxpayers/1at 40K they break even, with Government discount they lose money.
Another interesting story from todays Daily Times (12/31). In a first, Gas and other fuels are top United States exports. This is due to a weak economy and more fuel efficient cars and trucks.
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