1. Attachments are working again! Check out this thread for more details and to report any other bugs.

As Toyota invests in Tesla, GM invests in Plug-In Hybrid Start-Up

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Rybold, Aug 9, 2010.

  1. Rybold

    Rybold globally warmed member

    Joined:
    May 14, 2008
    2,760
    322
    3
    Location:
    Southern California
    Vehicle:
    Other Non-Hybrid
    G.M. Invests in Plug-In Hybrid Start-Up - Wheels Blog - NYTimes.com

    This has GM written all over it. $5 million ? Really, just $5 million? Sounds more like a PR stunt to me than a serious investment.
     
    #1 Rybold, Aug 9, 2010
  2. efusco

    efusco Moderator Emeritus
    Staff Member

    Joined:
    Nov 26, 2003
    19,891
    1,192
    9
    Location:
    Nixa, MO
    Vehicle:
    2004 Prius
    Model:
    N/A
    Agreed, $5 Million is a joke...heck, the $50 Million Toyota put toward Tesla was tiny by their standards.
     
    #2 efusco, Aug 9, 2010
  3. patsparks

    patsparks An Aussie perspective

    Joined:
    Jul 12, 2007
    10,664
    567
    0
    Location:
    Adelaide South Australia
    Vehicle:
    2004 Prius
    Model:
    N/A
    I think GM cleaned behind the couch and found a little coin they had forgotten about ...
     
    #3 patsparks, Aug 9, 2010
  4. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    108,883
    49,477
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    same place bob clutz lost his marbles.:)
     
    #4 bisco, Aug 9, 2010
  5. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
    Staff Member

    Joined:
    May 11, 2004
    14,816
    2,498
    66
    Location:
    Far-North Chicagoland
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    I was going to say that $5,000,000 is a rounding error to GM but that's giving it too much credit.
     
    #5 TonyPSchaefer, Aug 9, 2010
  6. FL_Prius_Driver

    FL_Prius_Driver Senior Member

    Joined:
    Jun 17, 2007
    4,319
    1,527
    0
    Location:
    Tampa Bay
    Vehicle:
    2010 Prius
    Model:
    I
    5 mil to GM may be miniscule. But 5 mil to the startup may be about all they can handle in the first increment of GM funding. GM has 10,000 boneheads to answer for, but this may or may not be one of them.
     
    #6 FL_Prius_Driver, Aug 9, 2010
(You must log in or sign up to post here.)