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Dave Cole, chairman of the Center for Automotive Research, offers some grounds for optimism. Once the downturn passes, he says, there will be a lot of pent-up demand for new more fuel-efficient vehicles. GM is feverishly working on the Chevrolet Volt, an electric car that could go a long way towards changing the way Americans think about such cars. Even Chrysler is promising to deliver seven new models...
...situation. While GM has insisted its current reserves of $21 billion can help it weather the economic turmoil and continue its restructuring efforts through 2009, that amount may not be enough to finance a post-merger restructuring of Chrysler. GM is also publicly committed to delivering the new electric Volt automobile before end of 2010 and closing Chrysler plants and technical centers to save cash could violate the spirit of $25 bilion in loan guarantees approved by Congress last month to help American carmakers rebuild - and which emphasized job creation and preservation in the industry...
...Easy Being Green I read your recent article about General Motors' Chevrolet Volt with disbelief [Sept. 29]. There was no acknowledgment that four companies - Aptera, Miles Electric Vehicles, Tesla and Think - plan on bringing fully electric vehicles to the U.S. marketplace before GM does. Alexander Fox, CHARLESTON...
...them on display. Most are versions of the same system: well-insulated cars with electric batteries that plug into regular outlets at home or at charging stations on the street, a little like filling the tank. Batteries would recharge in a few hours (about six hours in the 110-volt U.S. or about half that time in 220-volt Europe) and run for about 100 miles when full. Executives are betting that range will suffice in cities, where people use cars mostly to commute to work and run errands around town. General Motors is testing its electric model, the Chevrolet...
...years, partly by putting 1 million plug-in hybrid cars on American roads by 2015 and giving a $7,000 tax credit to each person who buys an electric car. McCain has offered a $5,000 tax credit for people buying pure, zero-emission electric cars (GM's Volt would not qualify), with a sliding scale of tax breaks for those buying low-emission vehicles. McCain says he would also give a whopping $300 million prize to whichever company designs an electric-car battery so cheap and long-lasting that it would be a credible replacement for the combustion engine...