article thumbnail

GM’s Volt Program = $700m

Revenge of the Electric Car

GM to invest $700m in Volt rechargeable electric car. GM to invest $700m in Volt rechargeable electric car. General Motors will invest $336m in a Detroit-area assembly plant, bringing to $700m total investment in eight Michigan facilities to begin mass production of the rechargeable Chevrolet Volt electric car in late 2010.

Volt 124
article thumbnail

China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

As a subscriber, you can receive our free weekly China Auto News, which keeps you informed the latest developments of Chinas automobile industry. The government sees environmental upsides and a chance for its car makers to gain ground on foreign rivals, since electric vehicles are simpler to engineer than gasoline-engine ones.

China 28
article thumbnail

How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform. See Chevy Volt for latest. Company says its focusing on gasoline and hydrogen. Now Lutz envisions selling hundreds of thousands of Volts a year, probably priced below $30,000. Newsweek ).

Plug-in 45
article thumbnail

GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Newly installed CEO Fritz Henderson argues that pioneering projects like the Volt typically lose money until the technology catches on. "The Volt is a case study. " In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace. Wired Home Subscribe Sections Cars 2.0

Volt 41