Greetings EEVBees:
--Now wonder GM was counting on the Volt to make the company viable.
http://www.autonews.com/article/20090409/ANE02/304099981/u.s.-funding-for-volt-on-hold-pending-bailout"WASHINGTON -- General Motors said it won’t get federal funding for its Chevrolet Volt plug-in hybrid car until the company is certified as financially viable by the Obama administration."
"The automaker has applied for $10.3 billion in U.S. Energy Department loans for development of fuel-efficient vehicles. Included is a request to help develop the Volt’s powertrain components, GM spokesman Kerry Christopher said in an interview today. He wouldn’t say how much money GM sought for this purpose. As part of the $10.3 billion application, GM also has requested $2.6 billion for development of two Volt derivatives, a third hybrid model and components"
"President Barack Obama rejected GM’s and Chrysler’s business plans on March 30, giving GM 60 days and Chrysler 30 days to come up with more viable turnaround programs. If the companies fail to do so, Obama held out the possibility of bankruptcy." [unsubtle threat]
--After fuel efficient vehicles, the Volt and its derivatives were added, President Obama approved federal funding. Allowing him to continue touting "a million electric cars on the road by 2015", as he had done since he was a Senator.
"The language of experiment is more authoritative than any reasoning: facts can destroy our ratiocination—not vice versa."
Alessandro Volta 1745 1827
Best Regards
Clear Ether