Thursday, September 18, 2008

Volt creating sparks

DETROIT -- Tuesday's unveiling of the Chevrolet Volt electric hybrid car was supposed to be a celebration of new technology, the birth of a new class of automobile. Instead, the crowd at General Motors Corp.'s Renaissance Center was buzzing over who was going to pay for it: GM or American taxpayers?

GM revealed the much-hyped vehicle at an event celebrating the automaker's centennial. Immediately afterward, company executives faced a barrage of questions about whether some of the $25 billion in low-interest loans the industry is urging Congress to fund would be used to subsidize the Volt's development and production.

At the same time, GM executives called for federal and local incentives to boost the Volt program.

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