Click above for high-res image gallery of the 2011 Chevy Volt

General Motors released an updated business plan to Congress on Wednesday, and one of the main points of interest surrounds the automaker's request of an additional $2.6 billion for the production of the Chevrolet Volt and two additional variants based on the same Voltec powertrain architecture.

The report doesn't spell out what the two new Volt-like models would be, but there's speculation a production model based on the Cadillac Converj concept (possibly as a 4-door sedan) might be in the works. Offering the Volt's high-tech and expensive powertrain at a Caddy-level price point makes plenty of sense as it would allow GM to subsidize the cost of its development and lower the price of production.

These funds would reportedly come from the Department of Energy's $25 billion Advanced Technology Vehicle Manufacturing Program and is separate from – and in addition to – the ongoing negotiations for bailout funds between General Motors, Chrysler and the U.S. government. The total amount GM has requested under the D.O.E. program now stands at $10.3 billion.


  • Bob Lutz, Vice Chairman
  • Bob Lutz, Vice Chairman
  • The Chevrolet Volt "Freedom Drive" across the country concludes at Pier 92 during the annual Macy's Independence Day fireworks display over the Hudson River in New York, Sunday, July 4, 2010. The "Freedom Drive" began four days and 1.776 miles ago in Austin, Texas where Chevrolet announced New York, New Jersey, Connecticut and Texas would join Michigan, California and Washington, D.C. as launch sites for the Volt later this year. (Photo by Emile Wamsteker for Chevrolet)
  • The Chevrolet Volt "Freedom Drive" across the country concludes at Pier 92 during the annual Macy's Independence Day fireworks display over the Hudson River in New York, Sunday, July 4, 2010. The "Freedom Drive" began four days and 1.776 miles ago in Austin, Texas where Chevrolet announced New York, New Jersey, Connecticut and Texas would join Michigan, California and Washington, D.C. as launch sites for the Volt later this year. (Photo by Emile Wamsteker for Chevrolet)
  • Chevrolet announces Thursday, July 1, 2010 it is adding Texas, New York, New Jersey, and Connecticut to the launch markets for the Volt electric vehicle. The retail launch in Texas and New York will begin with Austin and New York City in late 2010. The balance of Texas and New York, as well as New Jersey and Connecticut, are scheduled to begin receiving Volts in early 2011. The Chevrolet Volt (pictured here) in front of the Texas State Capital in Austiin, Texas Wednesday, June 30, 2010. (Photo by Steven Noreyko for Chevrolet)
  • Chevrolet announces Thursday, July 1, 2010 it is adding Texas, New York, New Jersey, and Connecticut to the launch markets for the Volt electric vehicle. The retail launch in Texas and New York will begin with Austin and New York City in late 2010. The balance of Texas and New York, as well as New Jersey and Connecticut, are scheduled to begin receiving Volts in early 2011. The Chevrolet Volt (pictured here) in front of the Texas State Capital in Austiin, Texas Wednesday, June 30, 2010. (Photo by Steven Noreyko for Chevrolet)
  • A pre-production Chevrolet Volt passes a trolley while navigating the steep climbs of the San Francisco Bay area while on an engineering development drive Saturday, April 25, 2010 in San Francisco, California The Volt will be available in California during the last quarter of 2010. (Photo by Martin Klimek for Chevrolet)
  • A pre-production Chevrolet Volt drives near the Golden Gate Bridge while on an engineering development drive in San Francisco, California Saturday, April 25, 2010. The Volt will be available in California during the last quarter of 2010. (Photo by Martin Klimek for Chevrolet)
  • A pre-production Chevrolet Volt navigates the steep climbs of the San Francisco Bay area while on an engineering development drive Saturday, April 25, 2010 in San Francisco, California The Volt will be available in California during the last quarter of 2010. (Photo by Martin Klimek for Chevrolet)
  • The new Chevrolet Volt electric vehicle with extended range on display at Columbia University on Earth Day, Thursday, April 22, 2010 in New York, NY. (Photo by Todd Plitt for Chevrolet)
  • The new Chevrolet Volt electric vehicle with extended range drives through campus at Columbia University on Earth Day, Thursday, April 22, 2010 in New York, NY. (Photo by Todd Plitt for Chevrolet)
  • The new Chevrolet Volt electric vehicle with extended range drives through campus at Columbia University on Earth Day, Thursday, April 22, 2010 in New York, NY. (Photo by Todd Plitt for Chevrolet)
  • The Chevrolet Volt �Freedom Drive� across the country continues in Fairfax, Virginia Saturday, July 3, 2010 as the Volt participates in the annual Independence Day Parade. The Volt, an electric vehicle with extended range. will finish its four-day, 1,776 mile route in New York City on Sunday. (Photo by Mark Finkenstaedt for Chevrolet)
  • The Chevrolet Volt �Freedom Drive� across the country continues in Fairfax, Virginia Saturday, July 3, 2010 as the Volt participates in the annual Independence Day Parade. The Volt, an electric vehicle with extended range. will finish its four-day, 1,776 mile route in New York City on Sunday. (Photo by Mark Finkenstaedt for Chevrolet)
  • The Chevrolet Volt �Freedom Drive� across the country continues in Fairfax, Virginia Saturday, July 3, 2010 as the Volt participates in the annual Independence Day Parade. The Volt, an electric vehicle with extended range. will finish its four-day, 1,776 mile route in New York City on Sunday. (Photo by Mark Finkenstaedt for Chevrolet)
  • A pre-production Chevrolet Volt electric vehicle with extended range travels around Pier 92 during a media test drive in New York, NY on Monday, March 29, 2010. (Photo by Steve Fecht for Chevrolet) (3/29/2010)
  • A pre-production Chevrolet Volt electric vehicle with extended range travels around Pier 92 during a media test drive in New York, NY on Monday, March 29, 2010. (Photo by Steve Fecht for Chevrolet) (3/29/2010)
  • The first pre-production Chevrolet Volt rolls off the line at the Detroit-Hamtramck manufacturing plant Wednesday, March 31, 2010 in Detroit, Michigan. The pre-production versions of the Volt will not be sold at dealerships, but will be used to assure all steps in the production system will meet the quality targets set by the Volt engineering team. (Photo by John F. Martin for Chevrolet) (04/01/2010)
  • A Chevrolet Volt battery at the General Motors Global Battery Systems Lab in Warren, Michigan Wednesday, June 30, 2010. The Chevrolet Volt will offer customers an unprecedented standard 8 year/100,000 mile warranty on its lithium-ion battery. GM engineers have completed more than 1 million miles and 4 million hours of validation battery testing since 2007. Each Volt battery pack has nine modules and 288 cells. GM designed and engineered 99 percent of the 155 components in each battery. (Photo by John F. Martin for Chevrolet)

[Source: Reuters]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    Share This Photo X