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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
Posted on 12/01/2011 3:20:10 PM PST by 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."
(Excerpt) Read more at wxyz.com ...
TOPICS: News/Current Events
KEYWORDS: fire; gm; volts
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Your tax dollars at work
1
posted on
12/01/2011 3:20:13 PM PST
by
Nachum
To: Nachum
No kidding, another taxpayer slush fund will or already has been created to support the buyout.
2
posted on
12/01/2011 3:22:07 PM PST
by
VicVega
(Geaux LSU, Geaux Saints)
To: Nachum
3
posted on
12/01/2011 3:22:07 PM PST
by
yldstrk
(My heroes have always been cowboys)
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
4
posted on
12/01/2011 3:22:23 PM PST
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Nachum
GM= Tax payers buying back. In reality its another Green boondoggle the taxpayers are paying for by the Bozo Administration
5
posted on
12/01/2011 3:23:58 PM PST
by
scooby321
To: Nachum
Do the owners lose the tax credit?
6
posted on
12/01/2011 3:25:05 PM PST
by
lacrew
(Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
To: Nachum
So, for the foreseeable future the largest purchaser of Volts will be GM.
To: VicVega
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.
8
posted on
12/01/2011 3:26:50 PM PST
by
donhunt
(Certified and proud "Son of a Bitch".)
To: Nachum
Yea GM. Looks like the Gov't has them back to full health.
9
posted on
12/01/2011 3:27:20 PM PST
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: lacrew
"Do the owners lose the tax credit?"
And is the repurchase at current depreciated value or original purchase price?
10
posted on
12/01/2011 3:30:14 PM PST
by
Truth29
To: donhunt
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.
11
posted on
12/01/2011 3:34:15 PM PST
by
VicVega
(Geaux LSU, Geaux Saints)
To: Nachum
Another government waste of money.
12
posted on
12/01/2011 3:34:35 PM PST
by
TribalPrincess2U
(WE ARE AMERICA! DONATE TO FR MORE!)
To: circlecity
Yes, Chevy will do whatever it takes to sell their 10K sales goal.
13
posted on
12/01/2011 3:39:10 PM PST
by
VicVega
(Geaux LSU, Geaux Saints)
To: Nachum
Too bad they wouldn’t buy back my 1990 Chevy S-10 Pickup that literally fell apart before it was 3 years old.
14
posted on
12/01/2011 3:44:24 PM PST
by
Wiggins
To: Nachum
The Chevy Pinto. (some of you may be too young to remember)
To: Nachum
Why not?
It's not like it's their money.
16
posted on
12/01/2011 3:55:20 PM PST
by
E. Pluribus Unum
(Holding our flawed politicians to higher standards than the enemyÂ’s politicians guarantees they win)
To: rigor mortis
Post 15
The Chevy Pinto
The Pinto aka ,,,, the Ford Firebomb .
17
posted on
12/01/2011 3:55:45 PM PST
by
Lionheartusa1
(-: Socialism is the equal distribution of misery :-)
To: Nachum
Well of COURSE they are...it isn’t THEIR MONEY anyway.
To: Nachum
Someone should link the earlier thread, a different source, I had some pretty good lines.
19
posted on
12/01/2011 4:43:06 PM PST
by
GeronL
(The Right to Life came before the Right to Pursue Happiness)
To: rigor mortis
20
posted on
12/01/2011 4:52:58 PM PST
by
rlmorel
("A fanatic is one who can't change his mind and won't change the subject." Winston Churchill)
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