Archive for April, 2009

 

Apr 30

Dave Letterman Bashes the Chevy Volt on National Television w/Video

 

Late Night host David Letterman interviewed Tesla CEO Elon Musk and rolled out the Tesla Model S on his show. They did get around to discussing the Chevy Volt. Dave seemed very irritated with GM’s bailout need, the destruction of the EV-1, and laid into the Volt on national television.

Letterman said “the Volt has a range of 40 miles, that’ll get you down the driveway and back.”  He said the range is “insane”, “ridiculous”, and “crap.”

Dave didn’t seem to know or care about the range extender or the fact that most people drive less than 40 miles per day, and of course Mr. Musk wasn’t about to point that out.  All he was able to do was nod his head and say “right.”

Though Letterman’s pretending to get electrocuted when he touched the Model S, and wondering aloud whether the car might “magnetize his nuts” were funny bits they don’t make up for this unnecessary slander.

Whether Letterman was truly so uniformed about the Volt or intentionally wanted to hurt GM’s image isn’t clear, but considering the large viewership he has, a negative effect on public acceptance of the Volt is a risk.

We can’t change what happened but for what its worth I posted a video response (below) and have
written to Mr. Letterman’s talent coordinator offering to go on the show to discuss the Volt and its fanbase, risking ridicule.

I doubt the show will call me but if you want to please contact them and help request it.

And though I’ve been a fan of Letterman since my teenage years, in this case I think he could take a lesson from Jay Leno.

[flash http://www.youtube.com/watch?v=xiJJKBbg4TA]
[flash http://www.youtube.com/watch?v=HLzO-bz0Tkc]

 

Apr 30

Obama: Chrysler Will File for Bankruptcy

 

 

One month ago Chrysler was given until today to restructure all of its debt and merge with Fiat. This was not to be the case. President Obama announced that Chrysler will move to file for bankruptcy shortly. It is expected the process will be swift and surgical with a new Chrysler emerging within 30 to 60 days.

Some of Chrysler’s bondholders had refused to accept the government’s offer of $2 billion in cash, or an even higher $2.25 billion in exchange for $6.9 billion in debt. The union had agreed to its concessions.

As such the Auto Task Force will move Chrysler into bankruptcy court where the lenders will be forced to accept the $2 billion.

Chrysler will operate while in bankruptcy using $3.5 billion in government funds. Upon emergence Fiat will take a 20% stake that may rise as milestones are met, and the government will provide up to $4.7 billion in loans to the new Chrysler.

GMAC will operate as Chrysler’s financial arm as Chrysler Financial has been deemed unviable, and will be given additional funds to do so. The government will warranty all Chrysler purchases during this period. Chrysler will operate as usual with no job cuts. In the end, the Union will own 55% of Chrysler, Fiat will own 20%, and the government the rest.

GM has been given until June 1st to restructure all of its debt and produce other changes to achieve viability. Obivously Chrysler’s process will serve as a warning to GM’s debtholders.

Those debtholders have already balked at a proposed 10% stake in the new GM in exchange for equity. The have counterproposed getting a 58% stake in exchange for their $29 billion in outstanding bonds. The union would get 41% and shareholders 1%.

Source (Detroit Free Press)

 

Apr 30

Saturn May be Dead but GM’s 2-Mode Plug-in Hybrid Program Lives On

 

GM first announced its intentions to build a plug-in hybrid Saturn VUE in late 2006, months before revealing the Volt concept. All along we have heard development of those plug-in VUEs has continued and remains on track. Although initially launch was expected in early 2010, the most recent plans state the car would come in in 2011, after the Volt.

However, GM’s newly released viability plan indicates that all support for the Saturn brand will be terminated by the end of 2009. This has led some to believe the plug-in 2-mode hybrid program will die along with it.

Not so fast.

“The plug-in technology survives!” says GM spokesperson Brian Corbett.

“It will be applied to a vehicle offered by one of four core brands,” he says. “We’ll be announcing which one in the not too distant future.”

The drivetrain for the vehicle features GM’s 2-mode hybrid system which uses two powerful electric motors, one for low speed and one for high speed assist and a complex software control system. The plug-in version has an added lithium-ion pack that could allow up to 10 miles EV and overall twice the fuel efficiency of comparable non-hybrid models.

 

Apr 29

Chevy Volt Mule Test Drive (Autobloggreen) w/ Video Briefing From Tony Posawatz

 

On Tuesday, several journalists were brought out to GM’s Milford Proving Grounds to test drive the Chevy Volt mules as I had.

Same Abuelsamid from Autobloggreen, a technical editor with a strong engineering background, documented his experience here and offers a video of Volt vehicle line director Tony Posawatz briefing the journalists.

Sam described his drive noting the mules “electrically-assisted steering has a nice heft that should make the production version an entertaining steer.” He thought “power delivery is seamless” and was pleased with the braking options allowing single pedal driving in L which “induces more aggressive lift-off regen, about 0.25-0.30 g of deceleration — equivalent to the braking most drivers regularly perform.”

Finally writes Sam “Overall, the electric drive system in the mules performed as advertised and GM appears to be well on its way to meeting a November 2010 Job 1 date.”

In the video below Tony Posawatz tells journalists the mules are 80% representative of the final Volt driving experience. He says in 29 days GM will begin construction of the first of 75 eventual true Volt prototypes (IVERs), and that starting in early 2010 “a lot” of Volts will start to be assembled at the Detroit-Hamtramck plant. He says the IVERs will be for “testing an validating of production intent design as well as developing software and controls to refine the full vehicle package, including the human machine interface”

He also alludes to the possibility of additional stakeholder incentives besides the $7500 federal tax credit already approved, which could further reduce the final cost of the Volt to own.

[flash http://www.youtube.com/watch?v=cde6YexWlKg]

Source (AutoBlogGreen)

 

Apr 28

GM-Volt.com Chevy Volt Mule Test Drive w/ Video

 

There are a few events in every lifetime that will be remembered forever. In some cases these events are the celebration of an achievement, of a reward earned.

Such was that early Spring morning in 2009 that I pulled past the bold blue and white military-like sign that read Milford Proving Grounds. For this was the day I test drove the Chevy Volt mule.

From that in many ways distant day in January 2007, when I first saw a news report about the Chevy Volt  and was so inspired to register the domain GM-Volt.com to this day some 26 months and 900 articles later I and many of you my most revered readers and copilots have essentially been waiting for this landmark moment.

Inside the proving grounds I met my guide and co-pilot Greg Ceisel. Greg is the Chevy Volt program manager and had been involved since its early days.

After a brief tour of the Proving Grounds and and overview of it 130 or so miles of top secret test track, he took me into a building about the size of an airplane hanger. We walked into the electric vehicles section and there before me were a half a dozen Volt mules with varying appearance and states of disrepair and several plug-in Saturn Vues.

My Volt was silver blue and adorned with special white Volt graphics. This vehicle was the same one former CEO Rick Wagoner had famously driven through the streets of DC to testify before Congress, and the same one that members of the President’s Task Force on Autos had driven. Politics in these dire times for GM had to come before their fans.

This vehicle is in the second generation of test cars, having been built after the first batch which were cruder “Malivolts.” About 30-odd of these cars were in existence. They contained nearly finalized Volt powertrains including 16 kwh lithium-ion battery packs, 111 peak kw electric motors and 53 kw engine generators. This was not a Chevy Volt in interior or exterior design, but rather they were European-version Chevy Cruze compact sedans. The Cruze uses the same compact delta platform as the Volt and shares similar interior dimensions. Aerodynamically the Cruze has a higher coefficient of drag so true 40 mile AERs are not achieved but “come very close” per Mr. Ceisel.

After a brief tour, it was my turn to drive.

The car is started by a push button that lights green, no key is needed, and the turn-on process is utterly silent.

The interior was sufficiently roomy and comfortable, and nicely ergonomically designed. It was lacking the elegant high-tech and sophisticated double LCD display the production Volt has, and all the sure to be wonderful bells and whistles the production Volt will have. There was no engine/battery feedback for the driver. Technicians normally would connect a laptop to the mule to monitor, manage, and tweak the cars behavior. This interface had been removed for my drive. My only feedback was Km/h on the speedometer and number of miles driven.

The mule was like the Volt, functionally a four-seater, the T-shaped battery pack running down the middle was low enough that the rear seat bench had no bulge, but legroom in the center of the bench was replaced by the battery.

Once started there was only a very slightly scarcely audible and occasional whir within the engine compartment but was overall strikingly and serenely silent.

And then with one small step for man and one large step for mankind and with the collective goodwill of the thousands of you GM-Volt readers on this journey with me, I depressed the accelerator.

Instant silent and sustained torque ensued.

The car had considerable brisk acceleration and power. It was smooth as silk and utterly quiet. It was truly a marvelous thing of beauty. I sailed up hills and muscled around the curves of the sterile and peculiarly industrial landscape of the proving grounds. The car handled marvelously. Greg told me that this car wasn’t near final refinement yet and that the production Volt would handle even better. Hard to believe.

The braking had a customary feel. Regenerative braking was of course in effect, and every downhill grade and coast charged the pack. GM had cleverly built in two driving configuration options called D and L.  Both gave the same acceleration, but when you step off the accelerator you get strong regenerative drag if in L and coast in D, the former being best for city driving. As Greg said this could allow you to drive with one foot.

There was of course no transmission so whether driving 5 or 75 mph the same gear was maintained. This was pleasant and comfortable and provided appropriate dynamic power at all velocities, there was no perceived “need” to shift.

I found the car to be light, nimble, agile and very fun to drive. Acceleration was terrific and spirited.

I had the chance to take the car straight up a very treacherous-appearing pure 16-1/2% grade. It was a hill that I cannot recall seeing a similar version of in real life. The car had no trouble making it to the top, and with it floored could hit about 50 mph.

I drove the car a total of 15 miles through the test tracks. At this point in time I wasn’t permitted to experience the shift to generator mode. Greg said it was seamless and most drivers didn’t notice it, but GM was still shy about showing it off until some further tweaking had occurred. I was promised a chance to come back when the time was right for it.

The bottom line is that the car was a solid, pleasant, agile and sporty compact sedan. It handled and behaved like any car in its category should. It was as its own chief engineer Andrew Farah says, “unremarkable.”

I would expand that to remarkably unremarkable.

Unremarkable in that the average driver would experience driving it as they would any other small sporty sedan. It was not a toy a or some tinny weak neighborhood car.

What was remarkable and indeed profoundly so is that it does so without the use of gasoline.

It is a car that has absolutely no-compromises. Yet, it is electric.

That is a feat of monumental importance. This is a car that the masses will embrace because of the kind of car it is. That is uses no gas for 40 miles is the real breakthrough.

And so it was that I drove the Volt mule on that Spring day. A regular guy who just started a blog to influence the direction of US transportation and who now found himself at the very wheel of that future

GM has done what they set out to over two years ago and amazingly well I might add, despite all the trials and tribulations that have transpired.  The real Volt will be here in a few short weeks.  We’ll be waiting.
[flash http://www.youtube.com/watch?v=03-4zuUEPaM]

 

Apr 27

GM Updates Viability Plan: Pontiac Will be Phased out by End of 2010, Volt Still on Track, Debt Exchange Offer Made

 

GM has little more than 30 days to go before the government’s deadline to either achieve viability or enter bankruptcy.

Today CEO Fritz Henderson provided an update which it hopes will lead to satisfying the governments objectives by the June 1st.

The following steps were outlined:

-GM will focus on only four brands, Chevrolet, Cadillac, Buick and GMC.  Pontiac will be phased out by the end of 2010.  Hummer, Saturn, and Saab will be resolved by end of 2009

-more aggressive dealer reorganization; the current 6200 dealerships will be cut in half by 2014

-accelerated plant idling and closures

-reduced structural costs to reach breakeven at 10 million vehicle yearly US sales volume.  This involves reducing hourly jobs by an additional 7000, and an agreement to reduce hourly labor costs by 34%

-The plan also involves continued negotiations to reduce healthcare trust obligations and bond holder debt.

Per CEO Fritz Henderson:

“We’re also announcing today a number of key initiatives to restructure GM’s balance sheet, including a bond exchange aimed at reducing our unsecured debt by at least $24 billion, a goal of exchanging at least half of our VEBA obligations (about $10 billion) to GM common stock, and a request of the U.S. Treasury to convert at least half of GM’s government debt to GM common stock.”

One statement in the press release raises some questions though:

“Very importantly, development and testing of the Chevy Volt extended-range electric car remains on track for start of production by the end of 2010 and arrival in Chevrolet dealer showrooms soon thereafter.”

Does this mean Volt arrives in 2011?  According to Volt spokesman Rob Peterson this does not represent a change.  He said “It shouldn’t raise any questions. We’ve consistently stated that the Volt will be launched in November 2010 and in dealerships soon after.”

Finally it is acknowledged that if the debt exchange offer is not accepted that GM will “expect to seek bankruptcy relief.”

Press Release 1

Press Release 2