GM Prepares To Clear Out Almost 6000 Unwanted Chevrolet Volts

Barack Obama and Nancy Pelosi and Tim Geithner should buy them. They are among the people who created "Government Motors" during the 2008 recession. It should have been allowed to fester into a normal bankruptcy like Chrysler.

Instead the GM of today is a half-dead, government supported apparition.

mre30..... get your facts straight..

Dec. 19, 2008. The Bush Administration announces plans to bail out Detroit's auto industry, notably General Motors and Chrysler Group.

Dec. 31, 2008. GM receives $13.4 billion in short-term financing through the Troubled Asset Relief Program.

April 22, 2009. The Obama Administration provided $2 billion working capital loan to GM.

May 20, 2009. Another $4 billion is added to the loan.

June 1, 2009. GM files for bankruptcy reorganization. In bankruptcy, it cuts costs and sheds such well-known brands as Saturn, Hummer and Saab.

June 3, 2009, in conjunction with the bankruptcy filing, the Obama Administration provides a $30.1 billion debtor-in-possession loan.

June 8, 2009. GM kicked off the list of 30 companies comprising the Dow Jones Industrial Average.

July 10, 2009. GM exits bankruptcy.

April 20, 2010. GM makes its final loan repayment. Government holds a 61% stake in common and preferred stock.

Nov. 18, 2010. General Motors becomes a public company again. U.S. Treasury reaps $13.5 billion in conjunction
with the new company's IPO, reducing its stake to 33%.

Dec. 15, 2010. GM repurchases all of Treasury's preferred stock

Dec. 21, 2012. GM repurchases 200 million shares of common stock from Treasury, which announces
it will sell all of its GM shares over up to 15 months on the open market.

Dec. 9, 2013. The last of four stock sales is completed. The government has no remaining GM shares.

Source: U.S. Treasury, USA TODAY research

Fact is...the only reason GM decided to build the Volt, was to suck-up to the lefty-liberals in the US government. There was no business case for it, never was, never will be. It solely existed so GM to curry political favor so the government could grant GM favorable treatment in its labor relations and then, unexpectedly, in its bankruptcy resolution.

Given the price point of the original Volt, it would have made more sense to market it as a Buick Electra sedan or a Cadillac ELR coupe at the Volt's price point. Marketing it as a Chevy was dumb.

One of the ugliest cars GM has ever produced.

Such IDIOTS at GM who presumed the public would want something that resembles and old Dodge Stratus with fake-looking black paint and plastic moldings under the windows?

What freaking morons.