Saturday, July 31, 2010

Chevy Volt - A Real Lemon - Obama Sees It As The Wave Of The Future

How disconnected from reality can you get? And how disingenuous can you be with the taxpayers who are paying for this lemon. If this is his justification for bailing out his union buddies, it sure shows he has no business savvy. Toyota already has an electric car in production that goes twice as far on its electric motor and costs thousands of dollars less.

The only advantage I see in the Volt is the fact that after the 40 miles running on the battery, it turns into a premium gas guzzler and recharges itself.

Another item in the article mentions an initial stock offering sometime in the near future. I don't know who would be crazy enough to invest in a unionized car company, owned by the union and the government, both of which have political motivations that are anathema to free enterprise values.

Read NYT Op Ed piece "G.M.'s Electric Lemon" here.

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