General Motors to Seek $2.6B to Build Plug-In Hybrids

[jpak]

http://www.greenbiz.com/news/2009/04/03/gm-2billion-funding-hybrids

DETROIT, Mich. -- General Motors this week asked the federal government for an additional $2.6 billion in low-interest loans, which the company said it would put to use to develop new hybrid vehicle lines.

The money, which brings to $10.3 billion the total amount of funding GM has sought from the government for creating a new generation of fuel-efficient vehicles, will go toward one new hybrid vehicle and two vehicles based on the all-electric Chevy Volt.

At the Detroit Auto Show earlier this year, GM unveiled a concept car that could fall under this new funding request: the Cadillac Converj, a four-passenger electric vehicle based on the technology behind the Volt.

<not much more>

[Thrill]

1. First question they should ask. How many jobs is it going to save?

[bluestateguy]

2. Only give them the money if the cars will be built in the USA

nt

[MrPerson]

3. Here's an idea - Let them find investors.

[ConcernedCanuk]

4. Why just not burn the money, save GM the trouble of crushing them later on

.
.
.

OR

Use the 2.6 Billion to help the homeless and the poor?

Naaaah,

that'll never fly.

(sigh)