You've got thirty grand and you want a pickup truck, do you A) buy new, or B) hit eBay for a million-mile Silverado. Frank, who had a mild brush with celebrity when the odometer on his truck hit seven-figures recently, would like you to buy his truck. The 1991 Chevy Silverado 1500 is still on its original 350 small-block, though it's chewed up 5 trannies. Frank raves on and on about its remarkable engine and wants it to go to a collector who will appreciate it, but still go out for a ride from time to time. It is an impressive mileage total, but really, who's going to question that a small block V8 is one of the best engines ever? Maintenance has apparently been rather thorough, which is a help keeping any car alive, though we're surprised it hasn't been ravaged by the tinworm. Frank's auction ends in three days and so far hasn't moved beyond its starting bid of $29,999.99. With Employee Pricing back, however, you can get a brand new Chevy Silverado Regular Cab with a short box and zero miles for just $19,899.
In what seems like a convenient answer to Mark Fields' request just yesterday for government assistance for the development of plug-in hybrids, the Department of Energy has just announced that it will be granting up to $30 million for just this type of vehicle. Not that thirty-mill is a small sum or anything, but that amount of money will be spread rather thin, being divided across three separate projects from three different manufacturers. Ford is one of them, while General Motors will receive funding for battery development and Chrysler, in partnership with General Electric, will also get some love.
The end-goal of this funding is a plug-in hybrid vehicle that is capable of traveling 40 miles on electric power alone. The DOE hopes that these specifications can be cost-effective by the year 2014 with vehicles on the road around 2016. We're a little puzzled, however, by the relatively small amount of money being handed out to reach these goals. Hydrogen fuel cell technology has received over four times as much funding and is nowhere near as close to production as PHEVs. Regardless, we look forward to seeing some of these investments bear fruit as soon as possible.
