Before the markets opened on Tuesday, General Motors announced that the early model electric car - the Chevy Volt – is expected to boast a game-changing fuel economy of 230 mpg. Is this what the American car industry needs to jumpstart itself into profitability?
The Fast Money traders were talking directly with one of the top execs at GM, Vice Chairman Bob Lutz in a First on CNBC interview. For the traders’ concerns surrounding the vehicle and questions regarding its release, check out Lutz’s responses in the video!
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Trader disclosure: On Aug. 11th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (BUCY) And Is Short (BUCY) Calls, Owns (FCX) And (FCX) Puts, Owns (INTC) And Is Short (INTC) Calls, Owns (MCD) Call Spread; Owns (MS) And Is Short (MS) Calls, Owns (MOS) Calls, Owns (PALM) Call Spread, Owns (YHOO) Call Spread; Finerman's Firm Is Short (USO), Short (IJR), Short (IYR), Short (IWM), Short (MDY), Short (SPY), Finerman's Firm And Finerman Own (BAC) Preferred Shares, Finerman's Firm Owns (MSFT), (YUM), (NOK), (PBR), (WMT) (RIG), Finerman Owns (RIG), (TBT) Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Seymour Owns (AA), (AAPL), (MBT), (BAC), (BX), (EEM), (FCX), Is Short (PBR)
Regis Philbin Owns (WYNN), (FCX), (CAT), (AMD), (LSI), (UIS)
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