GM's announced yesterday that it lost $6 billion in the first quarter of 2009. That's par for the course for the General these days. What's also pretty standard was the immediate confirmation that work on the Chevy Volt is going A-OK and that, as GM's product development chief Tom Stephens said, "At this point in time, I know of no reason why we can't be in production by November of 2010." No reason? Really? Not even a little one?
Aside from the Volt work - which at this point includes figuring out which of GM's other surviving brands (Cadillac, Buick and GMC) will get the Voltec powertrain - GM is working on its revised Viability Plan, due to the U.S. Auto Task Force's by June 1st.
[Source: Automotive News (subs req'd)]