Obama's Auto Task Force Test Drives the Volt Today

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Obama's Auto Task Force Test Drives the Volt Today

by Josh Loposer (Subscribe to Josh Loposer's posts)
Mar 9th 2009 @ 2:30PM

Filed under: Cars and Transportation, News, GreenFinance

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Chevy Volt rally at the Detroit Auto Show

Sure, it's easily the most hyped (overhyped?) car in recent history, but is the Chevy Volt truly awesome enough to woo the new auto task force that's in charge of monitoring GM's viability plans? Today, we may find out. The auto task force is kicking the tires in Detroit today, trying to decide whether or not the federal government should roll the dice and sink $21.6B more dollars into America's spiraling auto giants. If not, it may dash our hopes of seeing the Volt outside of a museum.

At present, mindnumbingly upsidedown automakers GM and Chrysler are living off a $17.4B taxpayer ~~bailout~~ ~~gift~~ "loan." Considering that GM by itself has reported $82B in operating losses since the end of 2004, they're not exactly considered an smart credit risk. The task force is expected to test drive the Volt at GM's tech center in the Detroit suburb of Warren. Is it possible that a single electric car could erase years of mismanagement and poor performance by the auto industry? Probably not. Still, I'm hoping that the Volt somehow comes out of this crisis intact.

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Obama's Auto Task Force Test Drives the Volt Today