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Posts Tagged ‘Chevy Volt’


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GM Is Still Government Motors


Wednesday June 26th, 2013   •   Posted by K. Lloyd Billingsley at 9:10am PDT   •   5 Comments

In early June the government sold 30 million shares of GM, a move doubtless timed with GM’s return to the S&P 500 index, a position the auto giant lost in 2009 when it filed for bankruptcy reorganization. But as Business Week noted, as of April 30 the federal government still held 241.6 million GM…
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Fed Battery Boost a Bust


Monday October 22nd, 2012   •   Posted by K. Lloyd Billingsley at 11:08am PDT   •   2 Comments

In 2009 the federal government gave a $249 million grant to A123 Systems, a green energy manufacturer touted by President Obama as an example of “what’s possible in a clean energy economy.” The company used the money to make batteries for electric cars in two Michigan factories. But since 2009 the company lost $857…
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Why Feds Won’t Sell GM Stock


Wednesday September 19th, 2012   •   Posted by K. Lloyd Billingsley at 9:21am PDT   •   8 Comments

The U.S. Treasury Department has invested $50 billion in the General Motors bailout and now owns 26.5 percent of GM stock, about 200 million shares and more than one-fourth of the company. GM was happy to get the taxpayer dough but now wants the government to sell its stock. Trouble is, the government won’t…
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$7.5 Billion in Electric Car Subsidies Is Pure Waste


Wednesday March 23rd, 2011   •   Posted by David Theroux at 8:51pm PDT   •   1 Comment

Margo Thorning writes in the Wall Street Journal, “Pull the Plug on Electric Car Subsidies: They are costly and don’t do enough to protect the environment,” that the flow of taxpayer money into subsidizing plug-in electric vehicles (PEVs) is economically and environmentally harmful, a waste, and should be ended now. There are a lot…
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