Continental says "good chance" to win Volt battery contract

Even though GM has said it will wait until late 2008 to name the battery supplier for the Chevy Volt, Continental CEO Manfred Wennemer told Reuters on Thursday that he believes his company has a "good chance" of winning the fight with LG Chem / CPI. Of course, it's no surprise that a CEO would talk up his company's chances, but winning the Volt contract will be a huge coup to whoever wins it. Wennemer said that not winning won't kill the company, but "it would be very, very important for us to be the one," he said. Winning the Volt deal would see Conti build a production plant in the U.S., Wennemer said. Since both Continental and CPI packs seem to be doing fine in the testing lab, there is probably a lot of number crunching and haggling going on behind closed doors to figure out which supplier can deliver the right packs to GM for the right cost.
[Source: Reuters]

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