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Former president George H.W. Bush jumps on the Volt bandwagon

The Chevrolet Volt has been battered and bruised over the course of the past six months. The vehicle has weathered an NHTSA investigation into fires, attacks from the members of the media, and production slowdowns. However, General Motors is now touting that the plug-in hybrid had its best sales ever during the month of March.
 
According to Bloomberg, over 2,000 Volts were sold during the month, surpassing the previous high of 1,529 units in December 2011. GM also claims that it sold over 100,000 vehicles during the month that have an EPA rating of 30 mpg or better. Rather conveniently, GM only cites the highway rating instead of the combined rating to reach that 100,000 figure -- the EPA combined rating takes into account both city and highway fuel economy and is closer to what most drivers will see in the real world.
 
"GM's strategic investments in four-cylinder and turbocharged engines, advanced transmissions and vehicle electrification have been very well timed," said Mark Reuss, president of GM North America. "Three years ago, about 16 percent of the vehicles GM sold achieved at least 30 mpg on the highway. Today, that number is about 40 percent, and we have more new fuel-economy leaders on the way."


Former President George H.W. Bush bought a new Chevy Volt for his son, Neil Bush
 
In other Volt news, former Republican President George H.W. Bush bought a Chevrolet Volt. Fox News reports that the former president bought his son, Neil Bush, a Volt for his birthday.
 
In February, current President Barack Obama promised that he would buy a Chevrolet Volt once he leaves office. "Five years from now when I'm not president anymore, I'll buy one and drive it myself," said President Obama in a speech to members of the United Auto Workers in late February.
 
The Chevrolet Volt has a base MSRP of $39,145 before a $7,500 tax credit and can travel for up to 36 miles on battery power alone.

Sources: Bloomberg, Fox News, General Motors



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RE: volt
By Keeir on 4/3/2012 6:33:23 PM , Rating: 4
I'd like to take a second to aside that link.

It's based on an "analysis" done by the Mackinac Center for Public Policy with a rather "flawed" center piece. That any and all subsidies given to a Volt supplier are 100% accountable to the Volt program.

Lets look at noted examples in the article. "GM Brownstone Plant" got a grant from the DOE. Yes, this plant produces Chevy Volt batteres. It is also slated to produce batteries for a variety of cars, including Buick LaCrosse Hybrid. Hamtramck recieved funding as well. Of course, it produces Volts, Malibus, and planned next gen Impala. Compact Power produces battery modules for both GM and Ford. So it's unclear why thier entire subsidy is accounted against just 1 GM product.

But you know what the most telling thing is? I go to the Mackinac website and I am unable to find the study . Apparently this Hohman felt so confident in his analysis, he needed to keep the details to himself. So I did some digging. James Hohman usually analyzes Pensions and Unionization of Local Michigan Government. His public bio doen't mention much besides he has a BBA in economics from Northwood University (Bachelors of Business Adminstration... school does not offer BA/BS/BSE degrees). He is ~27 years old, and he is career has essentially been working for a think-tank only. (I am unable to find any other employment history).

So lets look again, a 27 year old professional think tank employee with little experience in automobiles, manufacturing, technology or even government incentives makes an undocumented statement that is picked up by new sources. That's not really a good basis for forming an opinion. While I usually don't condon focusing the individual, without his study or analysis, all I can do is form a reaction based on his personal credentials... which don't show a reason to trust his word about this type of analysis.


RE: volt
By Nfarce on 4/3/2012 8:09:26 PM , Rating: 2
Yeah there is no "official" study of the true Volt cost by an entity like the CBO because the government has hidden the true costs from all. Take note that we do know how much failed Big Green energy companies like Solyndra received in that 2009 "stimulus" bill (http://www.iwatchnews.org/2012/03/06/8325/energy-b...

But for the Volt and subsidies, not much "official" info is out there. Don't you find that just a little bit suspicious? What does the government have to hide there? Or is it because so many different hands were in this pot that the cost can never be truly tallied? But even if the study is a half-truth at best, it's better than no truth at all. It's not a matter of if the Volt got subsidies...it's a matter of how much it got.


RE: volt
By Keeir on 4/4/2012 12:12:21 AM , Rating: 4
Hah.

You misunderstand.

A THINK-TANK produces STUDIES.

That's their PRIMARY FUNCTION.

For A THINK-TANK to not produce a STUDY is ODD since its thier PRIMARY FUNCTION.

The CBO on the other hand is the Congressional Budget Office. Its PRIMARY FUNCTION is to run financials on direct budget items voted on by Congress of the Untied States. Since the majority of Volt subsidies were not DIRECT decisions by Congress, the CBO would never produce a study focused on just the Volt, it would be outside thier duty statement. The GAO is the Government organization that would be more likely a source. But even the GAO would prefer to focus on say the ATVM loans rather than a single car.


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