Conflicting stories out today on the fate of new vehicle development at GM. AutoNews is saying that the General's cash crunch is means it is "postponing nearly all of its spending on product development in 2009 and 2010." AutoNews' unnamed sources also said that "nothing has been officially canceled, but nearly everything is delayed."

Meanwhile, over in the Detroit News, the word is that GM is "downplaying" the negative-sounding AutoNews report. GM spokesman Tom Wilkinson told the News that "We think [AutoNews is] probably overplaying this a little bit." The good news from both articles, though, is that the Volt seems to be safe, no matter what is happening to the rest of GM's upcoming programs. GM's Rob Peterson confirmed to AutoblogGreen that the cuts will have "no impact" on the Volt program at this time. Full speed ahead, apparently.

[Source: Rob Peterson, AutoNews, Detroit News]

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