A gun rack on a Chevy Volt?
General Motors gets some unwanted attention as one Republican presidential candidate questions proposed subsidies for the electric car.
The automaker is standing up to Newt Gingrich's claims that the $40,000 Volt is an "Obama car" that shouldn't get government subsidies because it's purchased mainly by the wealthy. "You can't put a gun rack in a Volt," Gingrich said in this video, drawing lots of cheers and laughter from the crowd.
The company took to its blog to say that, actually, you can put a gun rack on a Volt. But the real question, GM asked, is why would you. It looks weird, doesn't work very well, and would be like putting training wheels on a Harley. "Seriously, when is the last time you saw a gun rack in ANY sedan?" executive Selim Bingol asked on the GM blog.
There are better places for gun racks and training wheels, like pickups and little Schwinns, he said. And he added this zinger as a title: "We did not engineer the Volt to be a political punching bag."
Then a Volt owner in Georgia decided to take the conversation up a notch. He actually made a gun rack for his Volt out of PVC pipe and hooks, affixed it to his car with rope and made a video of the whole thing.
The Huffington Post reports that the Volt owner, John McDole, is a Republican who works for Google (GOOG). McDole said he made the video as a "response to Newt Gingrich's cheap shots at the American designed, American made, and American powered" Volt.
The responses seem not to address a central point of Gingrich's claim, however. Should a car bought mostly by wealthy Americans get government subsidies? Could the money be used better elsewhere?
At any rate, expect GM to be a huge political punching bag this year. The government still owns 26.5% of the company and needs the share price to rise before it can sell. The government got those shares after its $49.5 billion bailout of GM and so far has recouped about $22.3 billion, The Associated Press reports.
In order to break even on the rest, it must wait for GM shares to hit about $53. But that will probably take a while, as GM shares were trading at less than $27 Wednesday.
Although I own a Silverado, I believe that chevy has no room to talk until the entire debt is paid back to the tax payer share holders.
I can't believe the U.S.government is still a 25%+ owner in a private company (Government Motors), and is therefore, directly competing with the other American car company. How many inside government rules,regulations and decrees have and will be used against Ford to increase the value of the Obama-owned GM stock just to make sure Obama will get the money back that he gave to the unions? I will never own an Obamamobile.
Voters do not register by political party in Georgia, so the Volt owner being a registered Republican is not correct. No bid deal but do wonder why the writer had to throw in a misrepresentation.
Till they pay back every penny, they should just shut there mouths and
make products the people can afford!!! The volt is a piece of crap that
only rich liberals can afford anyways!!!! Rich liberals are a bigger threat
to the Empire!!!!!!!
I'm sorry, $40k, 36 miles on a charge, whats the use? I cannot justify this, not after i got burned by gm too many times already starting in the 70"s with the vega,and the gm diesels,the 80"s with the chevy powered cadillacs and oldsmobiles, the 90's with the 4.1 and northstar cadillacs . no, no, no more gm's for me I now own 3 ford products, a far superior product!
I hate to tell our National Socialist president that a Chevy Volt doesn't work on a farm. I tried to take a load of hogs to market in one it doesn't work to good. If the government Chevy Volt are so good, why don't the Whitehouse drive them. But I guess that is the same reason that they have a different health care then us too. Amounts about the same doesn't it Liberals.
They should allow golf carts on the roads. All the advantage of electric cars without the bloated union price tag.
Problem with the Volt - 40K. That's about what most people make a year + or - 10.
So people buy other cars that are fuel efficient - you can put gun racks in there too.
People flock to Kia's and Hyundais for a reason - price point and lower wages. Cmon man... And you know this.... Low wages force cheaper cars to be made due to demand and crappy used car market with gas guzzlers.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
An interest rate tease in The Wall Street Journal sends the market into an optimistic tizzy -- but one that doesn't end quite at the top.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.