A2: Auto Industry

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Automotive News reports that GM won’t get government funding for the hybrid Chevy Volt until the Obama administration approves the company’s overall restructuring plan. The article quotes Rob Kleinbaum, managing director of RAK & Co., a consulting firm in Ann Arbor, who says in the absence of federal funding, GM might pay for Volt with money from other vehicles: ”That would be a mistake. The Volt won’t be commercially successful for quite some time. By robbing Peter to pay Paul, they’d be undermining their bottom line.” [Source]