Some of you may have noticed a story posted elsewhere on the interwebs late last evening about the Chevy Volt
. As the story goes, a friend of a friend of a friend, etc told the writer that the Volt program was being put on indefinite hold due to the company's money troubles. With GM
releasing its third quarter results in a couple of hours and a huge loss expected, virtually every program at GM is being cut back or delayed. The one exception to that (so far at least) remains the Volt. We checked with the primary spokesman for the Volt program at GM Rob Peterson first thing this morning on this rumor
. Peterson tells us that "there's no truth in that statement whatsoever." So the Volt remains on track but GM is expected to announce some other big cuts this morning including lay offs among engineering staff (not related to the E-Flex program).
[Sources: General Motors