GM Will Buy Back Chevy Volts of Nervous Owners

GM CEO Dan Akerson announced that General Motors will buy back any Chevrolet Volt from owners who are concerned about the vehicle's fire risk, according to the Associated Press.

Akerson said his company’s overtures should not be construed as a statement that the plug-in hybrids are unsafe, but rather because GM wants to keep its customers happy. He also said GM will recall the 6,000 Volt models currently on the road if the federal government deems such the move necessary.

NHTSA found the vehicles could ignite anywhere from seven days to three weeks after an initial impact. GM states the fires are the result of a failure in the battery pack's cooling system.

GM had initially promised free loaner vehicles to any customer concerned with the safety of their Volt, but later said the battery pack might be redesigned to better guard against this type of failure.

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