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Chevrolet Volt
GM isn't going to let a little thing like a lack of money prevent the Volt from coming to market in 2010

General Motors has been in a downward spiral all year with lagging sales and losses in the billions. GM and its cross town rival, Chrysler, asked Congress for monetary assistance to stave off bankruptcy by the end of the year. In the end, the Senate failed to hand over even $14 billion USD to the two struggling Detroit giants.

Now as the White House mulls what plan it will present to help GM and Chrysler stay in business during 2009, GM is stating that it will bring the Chevrolet Volt to market no matter what. This confidence in the Volt program comes despite that fact that GM announced yesterday that it would halt the production on a new engine assembly plant which will produce the 1.4-liter gasoline engine/generator for the vehicle.

Despite the setback with the engine assembly plant, billions of dollars in losses, and a production schedule that leaves little room for error, GM is still committed to bring the Volt -- and the Chevrolet Cruze -- to market by the end of 2010 as it has always stated.

If the engine assembly plant is unable to be completed in time to get the production Chevrolet Volt and Cruze out the door in 2010, GM will be forced to rely on one of its overseas facilities to produce the engine according to the Wall Street Journal. Interestingly enough, the Chevrolet Cruze is already available in overseas markets like South Korea albeit with a 1.6-liter four-cylinder engine -- two years ahead of the car’s North American launch.

"Everything that involves heavy cash outlays obviously is under review," said GM spokeswoman Sharon Basel on Wednesday. "Our intent is to still go forward with a new facility bringing that engine to Flint, Michigan."

"Although we are temporarily absolutely stopping all work on everything, the Volt will be out as originally scheduled," added one GM executive.

GM is banking on the Volt to bring it some of the same positive press that has been bestowed upon the Toyota Prius. However, the Prius and its rival, the Honda Insight, have base prices below the $24,000 mark. The Volt, however, will be priced near or will surpass the $40,000 mark before a $7,500 tax credit.

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RE: Price
By Spuke on 12/18/2008 6:54:09 PM , Rating: 4
Why cater to a low-end demographic that won't buy it anyway?
Ding! Ding! Ding! All of the complainers wouldn't buy one at ANY price anyways! So, like you said, why cater to them? There's already a long waiting list of more than willing potential owners for this car and will be for quite a while especially at 10k units a year.

This a niche car to be built in niche numbers. It's not intended to be a Camry or Accord challenger. GM is NOT looking for mass acceptance, they're looking to make this tech cheaper for the future.

PS - Who else has a serial hybrid in the works? Not a press release serial hybrid, an ACTUAL car?

RE: Price
By Reclaimer77 on 12/18/2008 7:27:57 PM , Rating: 2
Niche cars and niche markets aren't going to keep a gigantic sized corperation like GM in the black.

RE: Price
By Spuke on 12/18/2008 8:19:16 PM , Rating: 2
Considering the topic of this thread, who cares!! The Volt is what it is. If you want a lower cost car, go buy one, there's plenty on the market, even from GM. If you want the Volt and its accompanying technology, prepare to pony of the cash AND wait in line for it.

RE: Price
By Spuke on 12/18/2008 8:30:20 PM , Rating: 2
* pony UP the cash..

"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs

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