General Motors has told 1,300 employees at the automaker’s Detroit Hamtramck plant they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.
“Even with sales up in February over January  … More
The total amount of state and federal subsidies for each Chevy Volt sold is as much as $256,824 per vehicle according to a fiscal analysis by Michigan’s Mackinac Center for Public Policy. All for a car that only costs $39,828.
To get to this number analyst James Hohman looked at 18 government programs (rebates, grants, loans, tax credits) and divided that number by the amount of Chevy Volts sold thus far  … More
The U.S. Department of Energy is defending its $529 million loan to a startup electric car company that will be building its first line of vehicles in Finland.Â
ABC News reported Thursday that Fisker Automotive had decided to outsource the job of assembling its new electric Karma sports car in the Nordic nation. Its reason for choosing Finland, the company’s CEO said, was that … More