Presidential Auto Task Force Concluded Plug-In GM Volt Likely “Too Expensive To Be Commercially Successful in the Short-Term”

Following President Barack Obama's short address on Monday which outlined the next steps for GM and Chrysler, the White House posted summaries of the Presidential Auto Task Force’s assessment of the business plans provided by the two struggling automakers, which led to the terms that are currently unfolding.

Among the highlights of the brief summaries was the conclusion that while the...