Going Like Sixty
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The building and developing of electric/hybrid cars is coming to a screeching halt. GM announced they are closing the plant that makes the motor for their electric car, the Chevy Volt. Tesla Motors, another electric car company, fired their CEO. Toyota is stopping construction of a Prius plant in the U.S. and THINK, an electric car company in Norway, is on the edge of failing. One country is moving forward: China. BYD will bring a plug-in hybrid to market years before the Chevy Volt. GM assures the market, however, that they will still roll out the Chevy Volt on schedule.  “It’s temporarily on hold as we assess our cash situation,” said GM spokeswoman Sharon Basel. “I don’t think it’s a surprise that we’re studying and reviewing everything given the position we’re in.
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