GE's 'Largest Order in History' To Boost Electric-Car Market

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Thread: GE's 'Largest Order in History' To Boost Electric-Car Market

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    GE's 'Largest Order in History' To Boost Electric-Car Market

    GE's 'Largest Order in History' To Boost Electric-Car Market
    Green Car Reports
    October 29, 2010
    by John Voelcker


    General Electric, the conglomerate that produces everything from power-plant turbines to television shows, wants to jumpstart the electric-vehicle market.
    To do that, said CEO Jeffrey Immelt yesterday in London, it will place the "largest order in history" for electric vehicles, numbering in the tens of thousands.

    That order could come as soon as next week. It will likely be spread across mutliple manufacturers, since early production by General Motors and Nissan is limited, and will encompass not only passenger cars but also delivery trucks.

    Immelt did not specify whether the order would be restricted to pure battery electric vehicles, or whether plug-in hybrids would be included as well.

    Corporate self-interest
    There's some self-interest there, of course. Among other things, GE is the largest single shareholder in lithium-ion cell maker A123 Systems. A123 was one of two final contenders to provide cells for the 2011 Chevrolet Volt's battery pack, although it lost to Korea's LG Chem.

    GE also makes electric charging stations, which it features prominently in U.S. television ads to buff its corporate image. And it sells equipment to the energy and electricity industries ranging from turbine generators for power plants to photovoltaic solar panels.

    A GE spokesman told Bloomberg that for every dollar spent on an electric vehicle, the company might take in as much as 10 cents of revenue.

    Full article at link.

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    Firebird Concept (the turbine one) wescoent's Avatar
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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    z0mg fleet [email protected]!!!0000!!!00000!!!
    "They say Eve tempted Adam with an apple, but man I ain't goin' for that. I know it was her pink Cadillac!"

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Sounds like a positive thing - I hope they shop at the domestics first though.

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Quote Originally Posted by wescoent View Post
    z0mg fleet [email protected]!!!0000!!!00000!!!
    Cynic.
    "The blood-dimmed tide is loosed, and everywhere the ceremony of innocence is drowned;
    The best lack all conviction, while the worst are full of passionate intensity. "

    W.B. Yeats- 1919



    .

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Quote Originally Posted by wescoent View Post
    z0mg fleet [email protected]!!!0000!!!00000!!!
    C'mon Wesco....Those units will help spread the development costs, so the technology will cost us all less..

    Bravo to GE..

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    The bigwigs will get the Volts and the grunts will get the Leafs (or is it Leaves??).
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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Good move on GE's part, and good for the manufactures - I would bet that this will become the standard at many big corporations. I work for a film studio, and they are planning a massive purchase of "electric cars" and they have urged us in sales force to buy them as well. Meanwhile, I am trying to push as many Volts as I can!! I want my cut GM...

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Korean batteries in the Volt? Wonder what the dollar figures were to eliminate A123 as a supplier? I'd bet the GE order will be Ford and others, few GM models.

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Quote Originally Posted by wescoent View Post
    z0mg fleet [email protected]!!!0000!!!00000!!!
    You Nailed the landing!! 8/10
    (Multiple colors and different font sizes and styles would have full "Crazy post" marks. )

    Seriously though, lets think about this for a second... Hmmmm, if GE is about to buy 10,000 Volts... Is that not the ENTIRE first year production? Will the Volt become another "No Soup For YOU" car?

    Did we learn nothing from AVIS buying up the first 5,000 or so of the Gen 5 Camaros, basically jumping the line, HUGELY p******g off Camaro fans who had paid a deposit (and MRSP+) and had been waiting for MONTHS to have the first Camaro on the block only to see some puke rent one at the Airport?

    Are we on the road to PO'ing the Birkenstock crowd when they discover that they can't buy this car?

    GM needs to get this car into the hands of "Joe the Plumber" RIGHT NOW. This is THE car that proves that GM has some fight and is still relevant. If we slow roll this thing out onesie twosie or if we sell them all to some fleet and NO ONE will ever get to see them let alone drive them, then this car is doomed.

    It is sooo sad, GM has here probably the MOST important car to come along since the 1964 Mustang, 1964 GTO, or the 1971 Beetle, and they have NO CLUE HOW TO SELL IT!
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    GM's Deja Vu Division,
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    Proposed Volt Tag Line..
    People who don't like the Volt haven't driven one, and
    People who hate the Volt listen to too much talk radio.

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Quote Originally Posted by wescoent View Post
    z0mg fleet [email protected]!!!0000!!!00000!!!
    I've been away from this board for too long. I've forgotten how your posts make me smile.

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    Re: GE's 'Largest Order in History' To Boost Electric-Car Market

    Anyone thnk this is funny considering GM is about to launch thier IPO? Hey guy's we just an order for 20,000 cars. BTW check out our stock next week.

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