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

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    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
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    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

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    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

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    same place bob clutz lost his marbles.:)
     
    #4 bisco, Aug 9, 2010
  5. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    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

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    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
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