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Thursday, August 5, 2010

Op-Ed Contributor - The Volt - G.M.’s Electric Lemon - NYTimes.com

Op-Ed Contributor - The Volt - G.M.’s Electric Lemon - NYTimes.com: "Start with the $50 billion bailout (without which none of this would have been necessary), add $240 million in Energy Department grants doled out to G.M. last summer, $150 million in federal money to the Volt’s Korean battery supplier, up to $1.5 billion in tax breaks for purchasers and other consumer incentives, and some significant portion of the $14 billion loan G.M. got in 2008 for “retooling” its plants, and you’ve got some idea of how much taxpayer cash is built into every Volt."

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