Feds declare GM, Chrysler not viable, refuse more aid | McClatchy

Feds declare GM, Chrysler not viable, refuse more aid | McClatchy: "The government offered a bleak assessment of the prospects for GM's much heralded Chevy Volt electric car, noting that GM was a full generation behind Toyota in 'green powertrain development.'

'While the Volt holds promise, it is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable,' the government assessment said."