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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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By Beenthere on 12/18/2008 8:37:56 PM , Rating: 1
I doubt few Americans will even be able to buy any car in 2010 the way things are headed. With over 10 million people to soon be unemployed, most will be thrilled to be able to buy food and have a roof over their heads - well except for the Fat Cats on Capitol Hill who will still be getting paid $174,000 per year plus an expense account, plus all they can steal.

Since most Americans prefer sound bites over the actual facts regarding the U.S. auto industry, it's clear they are willing to cut off their nose to spite their face. Honda has already discovered people with no job, no income, no money, don't buy cars. Senator Shelby and friends are in for an economic lesson that no American will soon forget.

RE: Perceptions
By Ringold on 12/18/2008 8:55:21 PM , Rating: 3
10 million unemployed really isn't that bad; to equate the monthly job losses from the recession in the early 80s to todays monthly job losses, we'd need to break 1 million lost per month due to population growth. So far, so much whining from children of the 90s. This quarter, the 4th, is horrible, but it's probably also the trough of the recession. We've also got a trillion dollar "stimulus" coming from Obama next year. Up hill from here, even if job losses will continue.

As for the rest, come on. Lets be honest. Shelby and others can fight the bailout all they want, but the fix is in. The unions gave too much money to too many Democrats in this election. They will get their bailout, and I think everyone knows it. It's matter of when and how much it'll finally cost after they come back for seconds or even thirds.

RE: Perceptions
By Spuke on 12/18/2008 10:28:26 PM , Rating: 2
I doubt few Americans will even be able to buy any car in 2010
I will. The wife and I are working on getting debt free. Should be there before this time next year (mostly..will still owe on the house).

"It looks like the iPhone 4 might be their Vista, and I'm okay with that." -- Microsoft COO Kevin Turner

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