story summary: On December 10, 2010, while speaking to "The Economic Club of Washington DC" General Motors CEO Dan Akerson said, "We commonly refer to the geek-mobile as the Prius. And I wouldn't be caught dead in a Prius." Akerson declared the Chevy Volt as the "world's first electric vehicle with extended range capability." During the talk, CEO Akerson complained that GM's 49.5 billion dollar federal bailout restriction on executive salary and compensation made it difficult for him to attract and retain executives.
commentary: Not everyone who drives a Prius is a *geek* ( technologically inspired individual), most of the people who drive a Prius drive it normally and do not use it to it fullest potential. However, because the Prius drive technology is so advanced it can do easily do hypermiling driving techniques that once took great skill to do -- so it has a significant community of Ecologically -Energy Efficiency inspired drivers than the limited edition of the 199x Honda Insight (first gen honda Insight hybrid - which is the car which currently holds the BEST hypermiling results so far in national competition). The Chevy Volt is a fine car but it's success does not hinge on how much GM pays Akerson or his top executives. Like the Prius the Volt is a work in progress - however, the Volt design team does not have the Prius design team advantage of being in the real world for ten years. Ultimately it will not be the executive but the geeks of GM's engineering research and development section which will determine if Chevy Volt design will survive the real world. Because the Volt is such a unique car - GM needs to provide additional support to the owner/drivers. For example, since the Volt does not come with a spare tire it should either come with run-flat tires or On-star should come free for the first two or three years. Given Volt's high MRSP, GM should also be providing technical assistance for the Volt via a user group forum via the internet.
sources =======Top GM exec says federal pay limits hurt company Ken Thomas. Associated Press. Dec 10 2010