Filed under: EV/Plug-in , Chevrolet , GM , USA The Wall Street Journal has been known to be a bit cynical when it comes to the Chevy Volt but does it really think GM is using a whole program just to angle cash out of Washington? That seems to be the what Holman W. Jenkins, Jr. is arguing in his article, " What Is GM Thinking ?" According to the author, because GM's stock is at historic lows and the idea that the public would change their minds about the kinds of cars they want because fuel costs are rising is "crazy," the only reason GM would be pouring hundreds of millions of dollars into a car that is "guaranteed to lose money on every unit" is because the company can use the environmental cache of the Volt to give law-makers political cover to throw cash at the iconic American brand. We think that, while this kind of wild-eyed speculation is all very well and good for some amateur car blog to delve into, this is written up in the respected Wall Street Journal. Although the main premise of the piece may be slightly awry, we can surely take heart that the writer knows a little about the vehicle he is writing about. Let's look at a few of his facts assumptions. "GM is saying now the Volt may need a sticker price of $45,000" "The car will be lucky to get 15 mpg under gasoline power" "A car with the Volt's narrow usability to sell would require an unlikely revolution in consumer behavior" Hmmm, interesting. We know what we think of these ...
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Filed under: EV/Plug-in , Chevrolet , GM , USA The Wall Street Journal has been known to be a bit cynical when it comes to the Chevy Volt but does it really think GM is using a whole program just to angle cash out of Washington? That seems to be the what Holman W. Jenkins, Jr. is arguing in his article, " What Is GM Thinking ?" According to the author, because GM's stock is at historic lows and the idea that the public would change their minds about the kinds of cars they want because fuel costs are rising is "crazy," the only reason GM would be pouring hundreds of millions of dollars into a car that is "guaranteed to lose money on every unit" is because the company can use the environmental cache of the Volt to give law-makers political cover to throw cash at the iconic American brand. We think that, while this kind of wild-eyed speculation is all very well and good for some amateur car blog to delve into, this is written up in the respected Wall Street Journal. Although the main premise of the piece may be slightly awry, we can surely take heart that the writer knows a little about the vehicle he is writing about. Let's look at a few of his facts assumptions. "GM is saying now the Volt may need a sticker price of $45,000" "The car will be lucky to get 15 mpg under gasoline power" "A car with the Volt's narrow usability to sell would require an unlikely revolution in consumer behavior" Hmmm, interesting. We know what we think of these ...