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General Motors (GM) remains in full-blown crisis-control mode with its Chevrolet Volt capturing...

General Motors (GM) remains in full-blown crisis-control mode with its Chevrolet Volt capturing the attention of safety regulators (I, II) after execs hailed the hybrid as the carmaker's "moon shot." Industry insider Jon Harmon sees the safety issue creating a tipping point for the electric car industry: "This could cast a pall over whether customers will trust one of their vehicles to be electric. A crisis like this can have a big impact on eroding confidence in the new technology." Shares of GM +1.1% premarket.
Comments (5)
  • wyostocks
    , contributor
    Comments (7411) | Send Message
     
    It is and always has been a sham.
    29 Nov 2011, 08:44 AM Reply Like
  • Leftfield
    , contributor
    Comments (3722) | Send Message
     
    Diesel is an excellent alternative for higher fuel efficiency.

     

    Oops, GM drove Americans away from that technology too, with it's inadequate converted gas to diesel engines which were often likely to fail as soon as 30k miles.
    29 Nov 2011, 08:44 AM Reply Like
  • wyostocks
    , contributor
    Comments (7411) | Send Message
     
    Prior to the 1950's many cities had electric trollys which were dumped in favor of diesel buses made by GM. Now GM has come full circle.
    29 Nov 2011, 08:50 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "...on eroding confidence in the new technology."

     

    How much confidence was there? How much confidence is just new-age (or is that "post-new-age"?) pagan belief in a "green future" powered by government subsidy?

     

    How much of this new technology is new?

     

    (Old Chinese Saying)
    "When you drive golf carts faster than 15 miles an hour, they heat up and burn."
    29 Nov 2011, 08:45 AM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2367) | Send Message
     
    Hahahahah. Envirowhackos have used scare tactics and regulatory agencies to cripple technologies for decades. Love those cannons delivering friendly 'fire! '
    29 Nov 2011, 08:48 AM Reply Like
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