Skip to Content

Summer Budget Travel Tips from Gadling

GM still doesn't get it

More
Text SizeAAA

Filed under: Borrowing, Budgets, Debt, Recession, Bankruptcy

As GM waits in line for handouts for its struggling company, it's made it very clear that they still just don't get it. The company has been late to the hybrid party, Toyota and Honda have had top selling hybrids for years. So what does GM do? Develops the Chevrolet Volt.

The Volt only runs on electricity. The battery pack is recharged via either a wall-outlet, like a "regular" electric or plug-in hybrid, or an on-board generator. When running full electric, Volt can deliver about 40 miles of driving.

However, with its 1.0 liter turbo four cylinder driving the generator to recharge the batteries, range increases to 640 miles. This certainly is more with what is happening than the Hummer, but let's look at the price tag: $40,000 or so.

I don't know about you but I would never pay that much for a car. I like to buy cars for $10,000 or less that get more than 50 miles to the gallon. My next car will be the Honda hybrid that gets over 70 miles to the gallon and retails new for less than $20,000. GM still doesn't get it. People are looking for quality transportation at a low cost.

At this rate, it will be back at the trough for more bailouts.

Barbara Bartlein is the People Pro. For her FREE e-mail newsletter, please visit: The People Pro.

Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Vote Now For the Readers' Choice Best in Food Awards
Nominations have been received and vetted for the best-of-breed in gourmet grocers, online gourmet ...
Zingerman's Bakehouse: Artisan Bread and Pastry from Ann Arbor
Zingerman's Bakehouse of Ann Arbor, Michigan, is nominated for a Luxist Award in the best bread ...

Jason Cochran
Jason Cochran Filed under: Bargains, Extracurriculars, Transportation, Travel, Celebs & Money

On board the new Oasis of the Seas: Is it worth the money?

So here I am, writing this from off the coast of Florida as part of the first two-day preview cruise of the magnificent Oasis of the Seas. Royal Caribbean has launched the largest cruise ship in the ...
Geoff Williams
Geoff Williams Filed under: Credit cards

Citigroup holds its customers hostage

Across the nation, Citibank credit card holders are receiving what pretty much amounts to a ransom note: We're going to raise your rates, says the letter, in so many words, but if you spend more ...
Bonnie McCarthy
Bonnie McCarthy Filed under: Budgets, Kids and Money, Saving Money, Technology

Family budgets: Make movie night safe again with family-friendly review sites

Around my house, we don't make the decision to pile into the car and head over to our local Cineplex as easily as we once did. It costs a lot of money these days to see talking animals, wild things ...
Madhusmita Bora
Madhusmita Bora Filed under: Transportation

Shop the friendly skies? The airlines are hoping you'll buy while in the sky

Along with sandwiches and soda, you may one day be able to buy tickets to Lion King and Animal Kingdom while cruising 35,000 feet above ground. A New York Times story reported that the airline ...

Headlines from WalletPop Partners