Behind The Wheel
- Higher Gas Prices Will Slow, Not Stop Auto Sales
- Nevada Approves Rules for Self-Driving Cars
- GM's Biggest Annual Profit Ever
- Car and Truck Reliability Hits Record High
- Ahead of Earnings - X Marks the Spot for Tesla
- Clint Eastwood ‘Surprised’ by Reaction to Chrysler's ‘Halftime in America’ Ad
- Tesla Unveils First SUV: Model X
- Can Ford Make a Smooth Transition in Management?
- US Auto Industry Made Stronger by Increase in Exports
- Will Super Bowl Ad Buzz Generate Sales Buzz?
MOST SHARED
- RBS Hurt by Greek Charges But Pays Bonuses
- China Internet Firm Qihoo Says Citron Allegations False
- T-Mobile USA Wants to Grow Again
- European Shares Rise; Natixis, RBS Up on Results
- Nissan to Recall 250,000 Cars Globally
- German February IFO Index Rises 4th Month in Row
- More Asset-Buying Depends on Economy: Bank of England
- Greek Writedown Hits Commerzbank Earnings
- Japan's Okada Says Yen Still Strong, Hopes it Weakens
- Herbalife Shares Gain on Obesity Play
- Wandering Through Toy Land
- Dell Is Done, But Don't Discount HP: Analysts
- Comcast Deal Could Spell Trouble for Netflix: Analyst
- Reading the Tea Leaves in RIM Shake-Up
- Sam Adams Brewer Crafts Beer for the Granddaddy of All Marathons
- Stocks to Give Up for Lent
- You Want Retail Customers? Give Them Deals: Analysts
- NJ Governor Chris Christie to Warren Buffett: 'Just Write a Check and Shut Up'
- 7 Undervalued IPO Stocks That Could Rebound in 2012
- Winners and Losers in Obama's Corporate Tax Plan
- More Asset-Buying Depends on Economy: BOE
- Greece Readies Debt Swap Under Bailout Deal
- Stocks Sputter as Investors Seek Next Catalyst
- RBS Hurt by Greek Charges But Pays Bonuses
- Nissan to Recall 250,000 Cars Globally
- T-Mobile USA Wants to Grow Again
- Greek Writedown Hits Commerzbank Earnings
- Wife of UK's Tony Blair Sues Over Phone Hacking
RSS FEED
Feds Send Message Clearing Chevy's Volt
Text Size 
CNBC Correspondent
 |
Source: chevrolet.com Chevy Volt |
NHTSA issued a statement essentially saying, "case closed."
Typically, when NHTSA closes an investigation, there is no public statement. Not this time.
This time, NHTSA issued a very public release, explaining it closed the Volt case, finding no safety defect.
Then the federal government went a step further.
In its release, NHTSA said the Chevy Volt and other electric vehicles pose no greater risk of catching on fire than gasoline-powered cars.
It was a very public and strong statement about the safety of electric vehicles.
The conspiracy theorists will immediately say the feds gave the Volt a big stamp of approval because Uncle Sam still owns 25 percent of the stock of Chevrolet's parent, General Motors [GM
Loading...
()
].
And there's no doubt this will come up when the House Oversight Committee holds a hearing on the Volt investigation next Wednesday.
One thing is clear: NHTSA sent a strong message Friday about electric cars, their technology, and the safety of those vehicles.
__________________________
Click on Ticker to Track Corporate News:
- General Motors [GM
Loading...
()
]
- Ford Motor [F
Loading...
()
]
- Toyota Motor [TM
Loading...
()
]
- Nissan [NSANY
Loading...
()
]
- Honda Motor [HMC
Loading...
()
]
___________________________
Questions? Comments? and Follow me on Twitter @LeBeauCarNews
Data is a real-time snapshot *Data is delayed at least 15 minutes
