To: Flavius
Okay, how about $1000 worth of GM stock? Anyone? :)
6 posted on
07/02/2008 5:55:25 PM PDT by
madison10
To: madison10
Well, maybe. GM is about to release the Cheverolet Volt in 2010. I have a feeling sales for this vehicle are going to be off the charts
The Chevrolet Volt is a battery-powered, four-passenger electric vehicle that uses a gas engine to create additional electricity to extend its range. The Volt draws from GMs previous experience in starting the modern electric vehicle market when it launched the EV1 in 1996, according to GM Vice Chairman Robert A. Lutz.
...
If you lived within 30 miles from work (60 miles round trip) and charged your vehicle every night when you came home or during the day at work, you would get 150 miles per gallon, Lutz said. More than half of all Americans live within 20 miles of where they work (40 miles round trip). In that case, you might never burn a drop of gas during the life of the car.
http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/gmnews/viewmonthlyreleasedetail.do?domain=74&docid=31656
To: madison10
Okay, how about $1000 worth of GM stock? Anyone? :)Pretty expensve toilet paper you've got there.
To: madison10
I’m not necessarily buying, but it’s tempting. GM has around $40 in cash per share, and its business outside of North America is profitable. If they can figure out a way to stop bleeding money in the domestic business, the stock could easily double or triple from the current level.
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