Tuesday, February 21, 2012

It's a crony capitalism trifecta! GE 'forcing' employees into Chevy Volts

At the confluence of General Electric (which paid no taxes on billions in income), General Motors (which still owes taxpayers $25 billion), and the Obama administration lies a nexus called "We Got Screwed":

General Motors and General Electric are two companies that have been in the political crosshairs lately. GM stands accused of “crony capitalism,” while GE is under fire for paying no Federal income taxes in 2010. The two companies share more than that though, with GE placing an order for 12,000 Chevy Volts and other hybrid vehicles.

A memo leaked to Green Car Reports lays out GE’s plans for their new fleet of Volts, and as expected, it has some people crying foul.

The memo, sent to employees of GE Healthcare Americas team explains that all sedan, crossover, and minivan purchases in 2012 will be replaced by the Chevy Volt. Only field engineers are excepted from having to drive a company Volt.

GE will offer estimates for installation Level 2 Charging Stations, though all-gas use will be allowed when there is no electric option. Any employees who opt out of the Volt program will not be compensated for their expenses. Those who do choose to drive the Volt will be reimbursed for public charging and home charging costs, in addition to gas uses.

...GE is positioning itself as a big player in the EV charging market. Getting employees into Volts also means getting charging stations into homes. ... It’s a bold move to be sure, and it will hopefully prove to be a boon to the Volt’s flagging sales numbers. GM had hopped to sell as many as 60,000 Volts in 2012, before dropping that number to 45,000. Will they even make that number though? Hard to tell, though GE’s business will go a long way towards giving the Volt some sales momentum.

It's getting to the point where General Electric and General Motors are indistinguishable from the federal government.

No comments: