• Apr 2nd 2009 at 3:20PM
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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.



[Source: Reuters]


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  • 37 Comments
      • 6 Years Ago
      Why is there such an emphasis on hybrids when they have econo motors in Europe that are getting better millage than US hybrids?


        • 6 Years Ago
        Because people won't buy cars that take 13 seconds to get to 60 in the US. They don't even seem to accept trucks that take that long anymore.
      • 6 Years Ago
      a couple of things:

      1) If they want to roll out a spread of products off of this platform, have a $35k Chevy Volt that you take it in the shorts on a little bit (or release 2 versions with the different battery sizes and prices, a la the iPod.) Then roll out a rebody as the Cadillac, with the coupe bodywork and nicer interior for higher buck to make your money back at a larger margin. In between those two, have a [Pontiac] Ampera, as the "bad boy" version, with the black & red interior and the Alice Cooper facias. It'll slot in-between pricewise, with a higher margin than the Volt, despite what is otherwise a packaging change.

      • 6 Years Ago
      Hey while their at it........i need 2.6 billion to build the house i always wanted.
      • 6 Years Ago
      I just hope they don't blame the government for not giving them this if the Volt fails.
      • 6 Years Ago
      2) To the folks out there that suggest that "Americans really want trucks, not your wimpy socialist cheeze-powered econoboxes," you're guilty of what you accuse others of, namely making a generalization about the whole group based on a segment of the group. The fact that companies like GM believed you was a mistake stupid enough to cost them their shirts. Hell, even companies like Toyota got bitten in the ass for wanting a piece. They, like everyone else in this "I'm a little bit country/I'm a little bit rock-n-roll" nation need to approach with a broader view of what people want, with an eye to the future. Look into the crystal ball, do you see a large enough demand for trucks in any forseeable future climate that would warrant prioritizing them over diesels, hybrids, and econoboxes? At some point, it's not about what some of us want (hard as that may be to swallow in the land that invented Vegas, monstertrucks, and damn near everything else that rocks,) but rather about what the reality will bear out.

      • 6 Years Ago
      Don't do it. It's a trap
      • 6 Years Ago
      The Volt seems to be facing one hurdle after another.
      • 6 Years Ago
      Hey, if you're going to give it to a billionaire Google founder, you might as well give it to everyone that asks.
      • 6 Years Ago
      Its hard to believe that GM had the temerity to expect the Volt to come in at $30k. I mean regardless of negative press, they do have 100 years of experience in automobile product development. Wouldn't it have been prudent to develop the technology for their showcase brand - Cadillac - first? I mean, who would question a gorgeous Cadillac hybrid sedan at $65,000? A Chevrolet that isn't a Corvette at that price however does not make sense.

      Basically they're asking the taxpayer to fund their poor decision making practice. Yes their latest cars are quite good, but that doesn't excuse them for making reckless boardroom mistakes.

      • 6 Years Ago
      I don't see any problem with this. The Japanese government gives their manufacturers money for research all the time. Why shouldn't the U.S. Government do the same for its automakers especially in a time like this and a vehicle like this.
        • 6 Years Ago
        A different reason. Survival
        • 6 Years Ago
        Check out this link Yikes
        http://wardsautoworld.com/ar/auto_us_lags_auto/

        There has also been a lot of talk about the Japaneses government completely funding the Toyota Prius by former Toyota North America head Jim Press. Toyota denies it though. It is no secret the other countries governments support there auto industry way more the the American Government supports ours. I wasn't talking about Honda specifically. I was talking about the auto industry as a whole.
        • 6 Years Ago
        hokieman, I'd like to see a link showing us where the Japanese government funded Honda's original Insight back in the 1990s.

        • 6 Years Ago
        What was the other 30 billion for?
      • 6 Years Ago
      What the hell, why don't they just figure this out on their own. Most businesses know how to engineer for a price. Even BMW keeps some of its cars below 40,000 so that normal people can purchase them. Why can't GM do this?

      Take a hike and file Ch. 11 already. Enough of this bailout business.
      • 6 Years Ago
      Hey, Obama. I have some gum that needs chewing.
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