Chevy Volt death watch....DOE puts funds on hold
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http://priuschat.com/news/chevy-volt...uts-funds-hold
The Chevy Volt Deathwatch continues... today we've found out via Automotive News that the Department of Energy has put a hold on the $10.3 billion in taxpayer money (http://priuschat.com/news/after-gove...6-bln-build-it) I told you about a couple of weeks ago that GM requested in order to finish the Volt and its underlying technology. The money is being held up due to GM's inability to pass a "financial viability test in order to simply survive."
And so the Chevy Volt Deathwatch continues...
You have to wonder - if the US Gov't instead took that $2.6B and said, $10K to $20K of Tax Credit towards ANY American branded car.
*versus*
$2.6B to build only 20,000 units of Volt, and GM still does not make any profit ?
Last edited by bagwell; 04-29-09 at 06:26 AM.
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The Chevy Volt appears it's gonna be stillborn. Rest In Peace Volt...
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