GM Wants a $2.6 Billion Loan to Develop Volt and Spin-Offs
On top of the $8 billion they are already asking the US government for, GM is adding in a $2.6 billion loan request to develop the Volt and ...
https://iskablogs.blogspot.com/2009/04/gm-wants-26-billion-loan-to-develop.html
On top of the $8 billion they are already asking the US government for, GM is adding in a $2.6 billion loan request to develop the Volt and two spin-offs (Reuters).
GM is applying for the loan through the DOE loan program to develop fuel efficient vehicles. GM has already shown off a concept Cadillac Converj, which uses the Volt E-REV technology (Extended Range Electric Vehicle).
The auto team put together to review GM's plan for viability already stated the Volt was too expensive, which may put a damper on the loan application.
GM is applying for the loan through the DOE loan program to develop fuel efficient vehicles. GM has already shown off a concept Cadillac Converj, which uses the Volt E-REV technology (Extended Range Electric Vehicle).
The auto team put together to review GM's plan for viability already stated the Volt was too expensive, which may put a damper on the loan application.
