Thursday, January 26, 2012

Volt Probe Fuels Republican Fire, GM CEO Says Company has Become a "Political Punching Bag"


The issue of the Chevy Volt's fire risk and the following NHTSA investigation that ended last week after GM modified its hybrid and the federal agency cleared the car, seems to be spreading beyond the automotive realm.

According to Bloomberg News, a report released by the House Oversight and Government Committee Report led by California Republican Representative Darrell Issa poses the question whether the six-month delay in making the fire-risk issue public has anything to do with the government’s 32 percent stake in General Motors.

“This unnatural relationship has blurred the lines between the public and private sector as President Obama touts the survival of General Motors as one of the top accomplishments of his administration”, read the report. “On a political level, this relationship raises serious questions about whether or not the administration is too heavily invested in the success of GM to be an effective regulator.”

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