Wednesday, June 4, 2008
GM wants tax incentives to build Volt in Detroit
With both hands extended, General Motors has asked Detroit City Council members for tax breaks to ensure the highly-anticipated hybrid electric-powered Chevrolet Volt will be built in their city. This news comes on the heels of GM asking Congress for a tax break to ensure the price remains near $30,000 when it arrives in showrooms in 2010. Enough already. Stuck in the turmoil of a $38 billion loss last year, pending job cuts, UAW strikes, and in the midst of an economy favoring fuel-efficient vehicles (as pickups and SUVs roll down the assembly line), GM is scrambling to survive. Whether it arrives as a hybrid, or in all-electric versions, the Chevrolet Volt can't come to market soon enough... regardless of who GM panhandles.
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