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Keyword: ibdchevyvolt

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  • ObamaCar Sticker Shock: Taxpayers Taken For A Ride

    12/23/2011 10:03:15 AM PST · by raptor22 · 6 replies
    Investor's Business Daily ^ | December 23, 2011 | IBD staff
    Green Policy: A think tank crunches the subsidy and bailout dollars and puts the true cost of Government Motors' electric car at a cool quarter-million. And the few sold have been largely bought by the 1%. At a time when Democrats are blaming the GOP for blocking a payroll tax cut deal that will add $40 in the average paycheck, they have no problem taking that worker's tax dollars to make and subsidize what we once called an electric Edsel bought by a precious few with an average income of $170,000. "Each Chevy Volt sold thus far may have as...
  • E-Car Fires: Big Bump In The Road

    11/28/2011 6:10:58 PM PST · by raptor22 · 24 replies · 1+ views
    Investor's Business Daily ^ | November 28, 2011 | IBD staff
    Industrial Policy: The investigation into the safety of electric car batteries intensifies after additional fires involving the flagship of a proposed electric vehicle fleet. Central planning doesn't work for cars or insurance. When the Toyota Prius was being accused of having overlooked design flaws that were causing accelerators to get stuck with fatal results, the owners of Government Motors, a competitor, wasted little time pushing for a recall and congressional hearings while accusing Toyota of cutting corners for the sake of corporate profits. We wonder if the same sense of urgency will prevail in the wake of new safety tests...
  • Are Electric Cars An Explosion Risk?

    11/23/2011 5:39:27 PM PST · by raptor22 · 33 replies
    Investor's Business Daily ^ | Nobember 15, 2011 | IBD staff
    Environmental Impacts: An investigation is launched into the possibility of battery fires occurring in crashes involving Government Motors' touted electric car. Industrial policy meets the law of unintended consequences. The National Highway Traffic Safety Administration has announced an investigation into the safety of electric cars using lithium batteries, particularly the Chevy Volt, after a battery fire occurred after a side-impact crash test. It has asked other manufacturers who make electric cars or that plan to do so for information on how they handle lithium-ion batteries. The request also includes recommendations for minimizing fire risk. The feds say this is only...
  • And Now, Stimulus For Russia

    11/23/2011 3:26:15 PM PST · by raptor22 · 6 replies
    Investor's Business Daily ^ | November 8, 2011 | IBD staff
    Industrial Policy: Not only do taxpayers subsidize failing green energy here, they may soon be on the hook for a Department of Energy loan to a firm owned by a Russian billionaire. Just say nyet. When a foreign firm wants to build a facility in the U.S. that hires American workers and pays American taxes, we welcome it. We'd prefer they do it with their own money, not rely on this administration's failed industrial policy to provide them with a huge taxpayer-backed loan — especially when it's owned by a billionaire who doesn't need the help. The administration's latest green...
  • Gov't Motors' Electric Edsel

    08/02/2010 6:13:14 PM PDT · by Kaslin · 112 replies · 21+ views
    IBD Editorials ^ | August 2, 2010 | Investors Business Daily staff
    Industrial Policy: The administration's electric car represents both the genius of American technology and the stupidity of its government. Imagine Rube Goldberg with $50 billion. Buy now and get a free 40-mile-long extension cord. It wasn't exactly Michael Dukakis riding in a tank wearing a Snoopy helmet, but it was close. President Obama, who reportedly hasn't driven an inch himself since taking office, visited a GM plant in Hamtramck near Detroit on Friday to drive a Chevy Volt 10 feet off an assembly line. It was a perfect image, as the American economy is being driven off a cliff by...
  • Volt Fraud At Government Motors

    10/19/2010 4:28:35 PM PDT · by Kaslin · 77 replies
    IBD Editorials ^ | October 19, 2010 | Investors Business Daily staff
    Green Technology: Government Motors' all-electric car isn't all-electric and doesn't get near the touted hundreds of miles per gallon. Like "shovel-ready" jobs, maybe there's no such thing as "plug-ready" cars either. The Chevy Volt, hailed by the Obama administration as the electric savior of the auto industry and the planet, makes its debut in showrooms next month, but it's already being rolled out for test drives by journalists. It appears we're all being taken for a ride. When President Obama visited a GM plant in Hamtramck near Detroit a few months ago to drive a Chevy Volt 10 feet off...