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Consumer Corner: Foreclosure settlement no magic bullet for economy
DETROIT, Sept. 16 (UPI) -- General Motors Corp. Tuesday unveiled its new electric car, the Chevrolet Volt, which it said will go on sale in 2010.
The Volt will be powered by electricity stored in a lithium-ion battery pack that runs the length of the car. After charging for several hours, the car will be able to run about 40 miles without using gasoline, CNN reported.
"The Volt symbolizes GM's commitment to the future," said Rick Wagoner, the company's chairman and chief executive officer.
The car will have the equivalent of about 150 horsepower and a top speed of 100 mph, the Detroit automaker said. The car's expected price was not revealed, CNN said.
The car's zero-to-60 mph time will be under nine seconds, said GM vehicle line director Tony Posawatz.
"The center of gravity of the car, with the center battery pack, it's going to have real great ride and handling," Posawatz was quoted as saying.
GM said the car will cost "less than purchasing a cup of your favorite coffee" to recharge, and use less electricity annually than a refrigerator.
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KEFLAVIK, Iceland, Feb. 13 (UPI) --
Icelandic officials say they are tapping the country's abundance of green energy resources to establish it as a global player in data storage center industry.
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DALLAS, Feb. 13 (UPI) --
Possible assembly and servicing in Mexico of UH-60 Black Hawk helicopters is being looked at by Sikorsky Aircraft and a Mexican company.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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