Trough Leader

Coyote Blog: Trough Leader

Holman Jenkins argues that despite the fact that GM's all-electric car the Volt will likely lose money on every sale, GM knows exactly what it is doing with this program. The main customer, apparently, is not the end consumer, but the government. GM is betting that an Obama, beholden in his new presidency to unions and environmentalists, will be open to a massive government subsidy of the US auto industry. The Volt program may be part of a plan to buff up GM's attractiveness at the government trough...