Posts Tagged ‘Chevy Volt’

Why Feds Won’t Sell GM Stock


Wednesday September 19th, 2012   •   Posted by Lloyd Billingsley at 9:21am PDT   •   8 Comments

The U.S. Treasury Department has invested $50 billion in the General Motors bailout and now owns 26.5 percent of GM stock, about 200 million shares and more than one-fourth of the company. GM was happy to get the taxpayer dough but now wants the government to sell its stock. Trouble is, the government won’t…
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$7.5 Billion in Electric Car Subsidies Is Pure Waste


Wednesday March 23rd, 2011   •   Posted by David Theroux at 8:51pm PDT   •   1 Comment

Margo Thorning writes in the Wall Street Journal, “Pull the Plug on Electric Car Subsidies: They are costly and don’t do enough to protect the environment,” that the flow of taxpayer money into subsidizing plug-in electric vehicles (PEVs) is economically and environmentally harmful, a waste, and should be ended now. There are a lot…
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