By Jeff Cobb
The extended-range electric Chevrolet Volt, now approaching its third model year, is the technological centerpiece for the new GM. It’s a present-tech solution that boasts potentially far-reduced daily operations costs, and has been called a forerunner leading toward American energy independence, and a cleaner environment.
If elected president, presumptive GOP nominee Mitt Romney said he would quickly sell off the government’s 26-percent share in General Motors, take a long hard look at pending fuel efficiency mandates, and presumably electric vehicle subsidies as well.
The U.S. Treasury has held onto post-bankruptcy GM stock for 35 months now, and if it were sold today at $21-something per share, well below its $33 IPO price, the country would lose around $16 billion, but Romney said there was no good reason to hold on.
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