• Nov 7th 2008 at 9:21AM
  • 30
You can never be certain about the information you get from fourth-hand, unconfirmed sources. General Motors will be releasing its third quarter financial results this morning, and it will be ugly for sure. Rick Wagoner will also be announcing more cuts that will likely include layoffs among engineering staff. GM is expected to cancel or delay almost all future product plans in an attempt to staunch its current cash burn rate. One of those aforementioned fourth-hand sources told another website last night that the Chevy Volt is among the programs on the chopping block. AutoblogGreen contacted GM's Volt spokesman Rob Peterson, who stated that "there's no truth in that statement whatsoever" regarding the story that appeared on Jalopnik. Chevrolet spokesman Terry Rhadigan also said "I'm not going to respond to specific speculation. The Volt remains a top priority for our Company and there are no changes to the timing of the program." So for now, at least, the Volt is safe.

[Sources: AutoblogGreen, General Motors, Jalopnik]

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    • 1 Second Ago
      • 6 Years Ago
      Two things you can count on:
      1. Chevy Volt is a go.
      2. Chevy Camaro is a go.

      If these icons were to be cancelled, then Bob Lutz would go in a huff. They are his babies and his last hurrah, so I don't see either of them being dropped or delayed. Everything else is game for open season duck hunting.
      • 6 Years Ago
      GM has the worst timing EVER. Gas is cheap again, the economy is tanking and no one has $45,000 grand any more to buy $25,000 worth of car to save $1500 a year in gas. EVEN with the tax credit.

      Dump it GM quick, and give us what we have always wanted. CARS THAT AREN'T $35,000 and up! The UAW has screwed you!!!

      Only an Obama supporter would waste 45k on a volt and think he made a good decision. Factor in the cost of gas, the vehicle and resale value and your in the hole before you even drive off the lot! For what? To save a planet that's not in trouble.

      Wake up people global warming is nothing more than a marketing scheme to get you to pay more for less. The world's population is growing, resources are less plentiful and harder to extract - more expensive. The powers that be had to do something. So they crafted this little lie that you have no way of disproving, yet one that has to be true because it sounds like it "makes sense" and who wouldn't want to save the planet?

      Iraqi WMD intel, told to us by the governments of various countries, turned out to be a lie. They lied once, why couldn't they, shouldn't they do it again???

      What a joke, you bunch of lemmings!
      • 6 Years Ago
      Sounds like something they'd do... kill the one vehicle that could probably save them (at least with sales and public opinion - not sure if it would make them much money..)

      Hopefully it's just speculation as indicated.

      • 6 Years Ago
      "...The EV-1 remains a top priority for our Company and there are no changes to the timing of the program." - 1998

      "Who killed the electric car?" - Part 2
      • 6 Years Ago
      Ok Dan Spalinger so if everything coming out of Detroit is "garbage" in your words maybe they should just close up shop, because you say so, now and lay everyone off and pull the plug on the auto industry. Millions unemployed, Detroit and the state of Michigan will drop off into the Great Lakes. Will you be satisfied then when we are in Depression? What will satisfy you? Will you ever be satisfied?

      That's right you will be working for Toyota, Honda or one of the other "manufacturers" of cars that will be left. They are already cutting back and soon will be shifting most production out of the country along with your job. What will you do then? Will you be satisfied then? LOL
      • 6 Years Ago
      I ignored this so called rumor when I read it yesterday, the original posters of the news story should be ashamed of themselves for posting a rumor they HAD to know was very unlikely.
      • 6 Years Ago
      The verb is "stanch," not "staunch."
        • 6 Years Ago
        Being among the top ten and above industry average in long term quality is hardly "garbage". Some American brands even top Toyota and Honda:


        Yeah Chrysler's divisions didn't fare so well. I still have faith that anything on that list is light years ahead in quality compared to what was being produced thirty years ago. I also see Pontiac, GMC, Chevrolet and other American brands down there below average as well, but did you see where Scion (Toyota division) is? Can't even top Hummer.

        So why don't you take your baseless arguments and STFU until you know WTF you're talking about. :)
        • 6 Years Ago
        directed to: dan....
      • 6 Years Ago

      I appreciate your response but for the financial sake of our country we have to assist the Big 3 in helping them get back on their feet and not just write them off. The tidal wave of job losses have only started and if we let them fail then what will be the consequences? I am afraid of the result.

      If we can bail out Wall Street we should and need to bail out Motown.

      The US auto industry was the leader and was not always behind in design and quality and the Japanese copied it and yes in many ways did it better. The US has been put at a disadvantaged to the Japanese as they have virtually closed their market to our vehicles.

      All manufacturers have gotten on the bandwagon to offer the product mix that consumers wanted including Toyota and Honda and when the dust settles alot of vehicles will be discontinued.

      Certain domestic vehicles can hold their own against their competition and have equal if not higher quality, less recalls (if any), cheaper to purchase and repair and get no worse gas mileage and do not have higher insurance rates. Think Ford Fusion.

      One thing I am certain that will happen will be the transfer of production of vehicles out of this country to Latin America and Asia. Volkswageon stopped building cars in Western Pennsylvania after about five (5) years in the early '80's and shifted production to Mexico. Will Tennessee face the same fate? As current employees start retiring and legacy costs build this will be the inevitable result.

      The restoration of the US auto industry should be something that all Americans support and want to succeed since we have no other large source of manufacturing base to relie on.

      • 6 Years Ago
      Here it is. Read it and weep.

      GM Reports Third Quarter Financial Results
      Friday November 7, 11:18 am ET


      • 6 Years Ago
      There isn't going to be a market for the Volt,it's WAAAAAAAY overpriced. Who will pay $40k when a Pious (uh, Prius) can be had for half? Lutz should cut his losses. no more bailouts!
      • 6 Years Ago
      Let's see...both Ford and GM are going to announc massive cuts in white collar workers but not a single manufacturing, union related, job-cut...What good does it do to have lots of factories and manufacturing capacity with no product/marketing/sales?? They are being held hostage by the unions again and we are going to pay for it...the price tag?? Well, yesterday in meeting with Pelosi and Reid (god help us...) it was up to $50 Billion to support the failures that are GM, Ford and Chrysler, an amount that should get them through oh....about spring of '09 and then they'll be back for more....
        • 6 Years Ago
        @ geo.

        If the big boys fall, foreign dudes excel.
        There won't be a vacuum...
        • 6 Years Ago
        Nobody wants them, eh? I guess you forgot this:


        American auto manufacturers sold nearly 400,000 vehicles in October which while down drastically does not in any way indicate that "nobody wants them". By contrast the Japanese manufacturers sold under 300,000 vehicles. Perhaps they should shut all their factories since "nobody wants them". :rolleyes:
          • 6 Years Ago
          Jeez...someone is all defensive about the domestic garbage that comes out of Detroit...give it a rest...its over...GM, Ford and Chrysler belong to last century...stop dragging the rest of the country down with you...
        • 6 Years Ago
        Production is down with shift cuts and plants are closing all over. How many plant closings would be enough for you? All of them?

        All of the manufacturers have been announcing massive plant closings, including Toyota. Perhaps you missed that memo...
        • 6 Years Ago
        Good god where do you get your "facts" from?

        I have worked production lines and trust me it isn't easy. You certainly don't get coffee breaks when you're busting your ass on that line. There's no time for that. It's hard work. And as far as that $80/hr figure goes, I've seen everything from $60/hr to $80/hr and more printed in the paper and I know for a fact that no hourly paid production employee working in those factories makes even HALF that much money. Oh yeah, they always say that's total value per hour of their compensation but the companies have NEVER produced a balance sheet to prove where they get that figure. They just print it in papers to generate hate from people like you who will believe anything you read.
        • 6 Years Ago
        it'll only go through if it goes to the unions directly, since it's coming out of the democrats/

        NOT that the republicans sending it straight to the fatcats pockets is working either.

        Instead, how bout giving it back to ME (all my fellow taxpayers) to spend or save as we see fit. IF the big boys fall, little guys will rise in the ashes. Capitalism in action. nature abhors a vaccuum.
      • 6 Years Ago

      I do not think you would find it funny if your financial status and that of your family were dependent upon the auto industry and the work it provides for your employment and survival.

      By the way is the Range Rover still in the shop?...LOL...now that is funny...LOL.
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