Since the Volt lit up the buyers market, lit up with battery fires that is, GM has offered to buy them back. It is a good marketing idea and an honorable thing to do. I want to know if we the taxpayer will get our $7500 per car back?
I do think buyers should take advantage of the opportunity.
I like the idea of electric cars and hybrids, but this one is a big loser on a lot of fronts. It is not an electric car; it’s a hybrid. It actually averages 39-40 mpg, hardly worth the base price of $40,000 on a car with a $12,000 body.
Our taxes, via a government rebate, provides a $7500 rebate as part of the redistribution of wealth program our government has going on. Maybe I should call this the moving around of wealth that doesn’t belong to them program. In addition, that rebate was supposed to be for electric cars, not hybrids.
Afraid your new Chevrolet Volt will catch on fire? General Motors will go as far as to buy it back from you.
As safety investigations continue on the electric car, which caught fire following test crashes, GM Chief Executive Dan Akerson said the automaker would repurchase Volts from any concerned consumers.
The assurance marked an escalation of the company’s response to the post-crash reports. Earlier this week, GM offered to loan free vehicles to Volt owners until the safety concerns were resolved.
“While the investigation is going on, we will do whatever it takes to allay concerns and keep our customers happy,” said GM spokesman Greg Martin, “and if that includes repurchase, we will work individually with any customer.”
Martin said that once GM’s engineering team and federal safety officials figured out the cause of the fires, which occurred one to three weeks after the crash tests, the company would, if necessary, recall and retrofit every Volt that has been sold. LATimes