To a lot of people, the only vehicle that's keeping GM - or at least the spirit of GM - alive as the company falters is the Chevy Volt. Washington Post columnist Charles Lane is not one of them. The Volt is designed to give 80 percent of Americans a car that, while it costs more than a similar, non-electric model, offers a chance to dramatically reduce their gasoline consumption. To Lane, the car is a money pit. He writes:
GM wouldn't be in quite so deep a hole if it had not sunk a billion dollars, and much of its corporate reputation, into a not-very-realistic plug-in electric hybrid vehicle known as the Chevrolet Volt.Lane also says he hopes that the Obama administration does not allow "a restructured GM to continue pouring (federal) money into the Volt. [...] The Volt and other electric vehicles could gobble up more subsidies than ethanol." Perhaps Lane and David Letterman should form a club.