GM willing to buy back Volts from owners who are afraid the car will catch fire

WXYZ.com ^ | 12/1/11 | TOM KRISHER, AP Auto Writer

[Nachum]

(AP) - General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire, the company's CEO said Thursday.

In an exclusive interview with The Associated Press, CEO Dan Akerson insisted that the cars are safe, but said the company will purchase the Volts because it wants to keep customers happy. Three fires have broken out in Volts after side-impact crash tests done by the federal government.

Akerson said that if necessary, GM will recall the more than 6,000 Volts now on the road in the U.S. and repair them once the company and federal safety regulators figure out what caused the fires.

"If we find that is the solution, we will retrofit every one of them," Akerson said. "We'll make it right."

[Nachum]

Your tax dollars at work

[VicVega]

No kidding, another taxpayer slush fund will or already has been created to support the buyout.

[yldstrk]

hahahaha

great product

[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

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[scooby321]

GM= Tax payers buying back. In reality its another Green boondoggle the taxpayers are paying for by the Bozo Administration

[lacrew]

Do the owners lose the tax credit?

[circlecity]

So, for the foreseeable future the largest purchaser of Volts will be GM.

[donhunt]

I may go out and buy one just to sell it back to them. For twice the money, of course.

Oh, some congressman with probably beat me to it.

[Lazlo in PA]

Yea GM. Looks like the Gov't has them back to full health.

[Truth29]

"Do the owners lose the tax credit?"

And is the repurchase at current depreciated value or original purchase price?

[VicVega]

Don't think there would be any reason fro them not to buy it back for double the price. It's not there money, so it doesn't cost them anything.

Cities and Municipalities are being incentivized to purchase these vehicles.

If the fires do continue, it will be catastrophic to the taxpayer to buy these Obama vehicles back.

[TribalPrincess2U]

Another government waste of money.

[VicVega]

Yes, Chevy will do whatever it takes to sell their 10K sales goal.

[Wiggins]

Too bad they wouldn’t buy back my 1990 Chevy S-10 Pickup that literally fell apart before it was 3 years old.

[rigor mortis]

The Chevy Pinto. (some of you may be too young to remember)

[E. Pluribus Unum]

Why not?

It's not like it's their money.

[Lionheartusa1]

Post 15

The Chevy Pinto

The Pinto aka ,,,, the Ford Firebomb .

[Recovering_Democrat]

Well of COURSE they are...it isn’t THEIR MONEY anyway.

[GeronL]

Someone should link the earlier thread, a different source, I had some pretty good lines.

[rlmorel]