Wunderlich Comments on Fourth Chevy Volt Fire

Wunderlich Securities says General Motors'

fourth Chevy Volt caught fire as NHTSA was carrying several crash tests on the vehicle. Wunderlich currently has no rating on GM. Benzinga recently spoke with a Chevy Volt spokesperson who said only two batteries have caught fire under controlled testing. Wunderlich comments, “The National Highway Transportation and Safety Agency (NHTSA) crash tested several Chevrolet Volts about a month ago, and last week another one caught fire, making two that caught fire at the NHTSA and this fire probably started in the lithium-ion battery pack. The NHTSA is also looking into a fire in a North Carolina home where a Chevrolet Volt caught fire and burned down the house. The fire in this case may have come from faulty wiring or the Siemens AG made charging station, but this marks the fourth suspicious fire of the Volt. This is a black-eye for the industry no matter where the fault lies.” The spokesperson also told Benzinga that the fire-marshall in North Carolina has removed the Chevy Volt from consideration for cause of the fire. GM closed at $20.74 on Monday.