Bailout the Big Three? The debate heats up…

Friday November 14th, 2008 at 10:1111 PM
Posted by: AKramer

By Alex Kramer

With the economy souring and auto sales plummeting, the possibility of one or more of the Big Three (GM, Chrysler, Ford) going bankrupt is becoming very real. Although an argument can be easily made that they dug their own grave through bad strategic decisions, inept management, and less than competitive products, there remains the question of whether the domestic car industry is too significant to fail.

Lining up on the pro side of a bailout are the Democrats in Congress, who are trying to push through an additional $50 billion in cash for the carmakers. Following the same logic that led the Fed to bailout the banks, the argument is that any bankruptcy in Detroit would have a devastating ripple effect on the economy.

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Chevrolet Volt Unveiled

Monday September 22nd, 2008 at 11:99 AM
Posted by: Derek

GM Vice Chairman Bob Lutz drives the production version Chevrolet Volt

General Motors continues to develop its gas-electric plug-in car called the Volt and unveiled a pre-production model at GM’s 100-year anniversary celebration. Thus far GM’s development team has obtained important development milestones and the car is scheduled for production late 2010.

The Volt will use an existing four-cylinder gas engine to help recharge the car’s batteries. At present, the Volt will go only about 40 miles before gasoline is used to recharge the batteries. The Volt has an extended range of several hundred miles made possible by a gasoline/E85-powered engine generator seamlessly providing electricity to power the Volt’s electric drive unit while simultaneously sustaining the charge of the battery.

The lithium-ion batteries used to power the electric motor are projected to last about 150,000 miles, and the car is expected to have a brisk 0-60 time of 8.5 seconds. The GM team is working hard to simulate 10 years of using the car’s battery into two years of testing.

GM is also working on variations of the Volt including: an E-Flex propulsion system, the original gasoline-electric Volt concept, a hydrogen-electric Volt, and the Opel Flextreme diesel-electric.

At present, plug-in electric vehicles like the Volt fall short in driving range (about 40 miles in complete electric mode) as compared to a family sized fuel-cell vehicle that has a 300 mile range and no emissions. Cost is the sticking point with fuel-cells and even the Volt is expected to cost about $40,000.

Official press release from GM and preliminary specifications of the Volt are below the jump.

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Who's Your Caddy? If You Win Buick Contest, It Could Be Tiger Woods

Friday March 14th, 2008 at 11:33 AM
Posted by: Derek

Maybe I should be posting this press release on our sister-site, GolfReview.com (?)

I think Tiger Woods far out-distances any Buick on the road today. Of course, that is just my opinion. And I’m not even a fan of golf. If you won the grand prize, would you ask Tiger to be your caddy or choose Tiger Woods’ personal Buick with the autographed plaque? Read the press release below for all the details…

DETROIT – Buick, the premium international automotive brand of General Motors, is giving one lucky person an exclusive opportunity to play golf alongside Tiger Woods, the world’s top golfer. Only this time, Woods will serve as the winner’s personal caddy in Buick’s new “Tee-Off with Tiger” online contest that begins today and runs through Sept. 28, 2008.

Contestants who register at www.teeoffwithtiger.com will have an opportunity to vie for the grand prize to partner with Woods or to win a high-end collectible only Buick can provide: Woods’ personal Buick vehicle – driven by the golf phenom himself – at several tournaments in which he competes during the promotion window. Every Buick vehicle Woods drives will come with a Tiger Woods autographed plaque, which is authenticated by Upper Deck.

“This is going to be as much fun for me as it is for the winners,” said Woods. “I’m looking forward to sharing some golf tips, maybe a few jokes and certainly a lot of laughs,” he said. Read the rest of this entry »

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