S&P 500
1667.39
-0.08 -0.00%
Dow Indu
15339.50
-14.90 -0.10%
Nasdaq
3501.73
+2.76 +0.08%
Crude Oil
95.95
-0.34 -0.35%
Gold
1357.50
+12.44 +0.92%
Euro
1.28500
+0.00070 +0.05%
US Dollar
84.063
-0.051 -0.07%
Strong

GM's 200 MPG+ Fantasy...

Everyone was shocked when GM took a gigantic government bailout. What was equally shocking to me was to see GM claim that in 2010, they would have a car capable of 230 mpg. Well, as we all know everything is not always as it seems. When I came across this article by Adrian Veidt, Senior Editor of Casey’s Extraordinary Technology I thought I would share it with you and get your take. The auto industry is changing, will GM be able to finally make the changes it needs to?

=================================================================================

A few weeks ago, Government Motors dropped a public relations bomb when new chief Fritz Henderson announced that the forthcoming Chevy Volt would get an astonishing 230 miles per gallon (that's 98 kilometers per liter, for our metric-system friends).

For those of you not yet familiar, the Volt is a plug-in hybrid car. The car runs primarily on electric power, with batteries charged overnight by simply plugging the car into an electrical outlet like a cell phone. Its gasoline engine is used only to charge the battery and supplement the power when the batteries run low. [Read more...]

© Copyright INO.com, Inc. All Rights Reserved.