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The economic impact of a GeneralMotors or Chrysler bankruptcy is being debated across the country. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the autoindustry. Further, the government may be suffering from the early stages of bailout fatigue.
Interest in electric cars is surging: •Nearly 52,000 people were wait-listed as of mid-April for GeneralMotors’ electric model, the Volt, due in November. Similarly, in China, the sheer size of the autoindustry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars.
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.
The autoindustry is now gearing up to hash out those standards at the SAE conference in Detroit next week — and GM has a major stake in getting them out swiftly. OStatic] Nokia E71x Expected on May 4th: Here’s Reading Material Until Then [jkOnTheRun] Renewable Standards to Spur Moore’s Law for Cleantech?
With GeneralMotors and Chrysler also showing signs of modest improvement, all looked rosy. According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs. So is this scheme green at all?
Electric car supporters are rising to defend GeneralMotors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. .&# Supporters of the car say that’s shortsighted. and Chrysler. Whatever B.C.G.’s
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