After three different cars burst into flames days after a collision, General Motors Co. (NYSE: GM) has figured out a way to fix the problem with its hybrid gasoline-electric Chevy Volt. In testing by federal regulators, the car’s lithium-ion battery caught fire as late as three weeks following a successful crash test.
Volt owners will be able to take their cars to a dealer for the fix beginning in February. There won’t be too long a line — GM sold just 7,671 units of the Volt in 2011.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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