With bailout money, GM’s Chevy Volt delivery time gets “pushed back”
Posted by keelynet on August 26, 2009
Now that they got the bailout money, they can’t produce what they promised or at a reasonable cost, American corporate greed at work…bunch of lying pricks.
“The Volt has snagged a staggering 230 MPG rating in the city, but we should caution you that it’s not as cut and dry as GM would have you believe. The EPA has released “a new methodology for determining a draft fuel economy standard for extended-range EVs like the Volt,” and it’s that murky measurement system that has blessed Chevy’s wonder child with a triple digit MPG rating.
Now, for the bad news. This past Sunday, GM reportedly submitted a regulatory filing with the US Treasury, and while it can’t be taken as official word per se, it does provide reason to believe that the promised November ship date will slip to an undisclosed month and year. The report also noted that there is “no assurance” that it will qualify for any remaining energy loans to develop advanced fuel technology automobiles,…
/ General Motors has cast doubt over the long-term future of the Chevrolet Volt by claiming it may not be commercially viable and other rivals may overtake it with superior and more advanced technology. GM submitted a regulatory filing report to the US Treasury yesterday and CEO Fritz Henderson claimed its “disclosures are consistent with our commitment to remain transparent and to keep the public informed of our progress”. – Source
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