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GM Leaning Towards Selling Volt Without Leasing Battery Separately

August 5th, 2009 | Posted in: Battery, Financial with 262 Comments

Lets face it, new technology first generation automotive lithium-ion batteries are very expensive. It is this cost that will make the initial adoption of electric cars slower and less widespread than we would like. GM has positioned the Volt to have the least batteries, and thus the least expense possible, yet will still tip the [...]

Posted by: Lyle with 262 Comments

Why the Volt Will Cost $40,000

August 4th, 2009 | Posted in: Financial with 382 Comments

The Chevy Volt concept was first unveiled in January 2007 to much fanfare and great national enthusiasm. Soon after, the typically outspoken GM vice chairman Bob Lutz told the world he expected the Volt to be sold for under $30,000. This further stoked the enthusiasm.
Later, he had to take those words back. [...]

Posted by: Lyle with 382 Comments

GM Exits Bankruptcy Today: the New GM Starts Now

July 10th, 2009 | Posted in: Financial with 210 Comments

After a lightning fast 40 days, GM exits bankruptcy protection today by successfully selling the best assets of the old company to the new GM. And so on this day the new GM begins.
The new GM has only four brands; Chevrolet, Cadillac, GMC, and Buick. Its footprint is drastically reduced with less dealerships, [...]

Posted by: Lyle with 210 Comments

Court Approves Formation of New GM

July 6th, 2009 | Posted in: Financial with 157 Comments

Only 35 days after GM entered bankruptcy protection, a Manhattan judge late Sunday issued a ruling allowing GM to sell its best assets to a government backed “new GM.”
This ruling came after 3 days of the court hearing objections from a loosely formed and apparently ill prepared group of dissident bondholders, union retirees, and other.
This [...]

Posted by: Lyle with 157 Comments

Toyota Aggressively Patent Protects Prius, GM Doing Same With Volt

July 2nd, 2009 | Posted in: Competitors, Financial with 236 Comments

We often discuss the Toyota Prius here though the car strictly shouldn’t be compared to the Volt which is truly in another category altogether. The Prius is worth mentioning primarily because comparisons are inevitable and more more so because GM product czar Bob Lutz has openly admitted the Volt program was begun in an effort [...]

Posted by: Lyle with 236 Comments

GM Asks Bankruptcy Court to Approve Formation of New GM

June 30th, 2009 | Posted in: Financial with 94 Comments

On Tuesday in a New York City court, GM took the final step towards emerging from bankruptcy.  Including testimony from CEO Fritz Henderson, GM filed for the court to approve the 363 sale of the old GMs best performing assets to the new GM.  This request has taken place a mere 30 days after GM first [...]

Posted by: Lyle with 94 Comments

NUMMI No More: Has GM Said No-Thanks to GM-Branded Prius?

June 29th, 2009 | Posted in: Financial, Hybrid with 184 Comments

Since 1984 GM has had a relationship with Toyota at the New United Motor Manufacturing Incorporated (NUMMI) joint-venture plant in California, where the Pontiac Vibe, twin of the Toyota Matrix, has been built. GM’s bankruptcy process and the shedding of the Pontiac brand had made GM’s future role in that plant uncertain.
Bloomberg reports [...]

Posted by: Lyle with 184 Comments

Tesla CEO Elon Musk Wishes the Chevy Volt Well as His Company is Awarded $465 Million in DOE Loans

June 23rd, 2009 | Posted in: BEV, Competitors, Financial with 266 Comments

Elon Musk is the CEO of Tesla Motors, the company credited with jump starting the nascent electric car revolution, and inspiring Bob Lutz to conceive the Volt. Musk was the founder of PayPal who made his fortune by selling it, and besides Tesla also also founded a private space exploration company.
Musk is a man of [...]

Posted by: Lyle with 266 Comments

GM May Beat Expectations and Exit Bankruptcy by Mid-July, Though Facing Mild Opposition

June 20th, 2009 | Posted in: Financial with 58 Comments

When GM entered into bankruptcy protection on June 1st there was uncertainty about how long the process would take. On paper its simple; move all the best performing assets into a new GM in a so-called 363 sale. Bad performing assets would then be gradually liquidated in court. Immediately prior to entering court, the [...]

Posted by: Lyle with 58 Comments

Cash For Clunkers Bill Passes Congress but Volt Could Arrive Too Late

June 19th, 2009 | Posted in: Financial, General with 120 Comments

The value proposition of the Chevy Volt could change further. People tend to be fixated on its sticker price, but the complex nature of the vehicle and its interaction with the national economy, government, and natural resources really have created a moving target for the Volt’s price.
GM will not confirm pricing until May 2010 [...]

Posted by: Lyle with 120 Comments

GM CEO Expects Company to Emerge From Bankruptcy According to Plan

June 17th, 2009 | Posted in: Financial with 79 Comments

When GM went into bankruptcy on June 1st, it carried with it a risk that it might not rapidly emerge. It was hoped from the start that the quick-rinse or 363 sale bankruptcy could be completed within 60 to 90 days. Continuing in court for months or years would be an agonizing and [...]

Posted by: Lyle with 79 Comments

Saturn Brand Has a Buyer: Penske Automotive, May Build Electric Cars

June 5th, 2009 | Posted in: Brand, Financial with 58 Comments

GM’s successful restructuring hinges upon the ability to focus on its four core brands. Since the bankruptcy filing, GM has already announced it is in the late stages of selling the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Company Ltd of China.
Today they have announced that they have a proposed contract with the [...]

Posted by: Lyle with 58 Comments

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