xcel
01-09-2008, 10:03 PM
The remarks prompted headlines and coincided with a drop in GM shares. (http://www.reuters.com/article/CHMMFG/idUSN0853468920080109)
http://www.cleanmpg.com/photos/data/501/Chevrolet_VOLT.jpgKevin Krolicki – Reuters - Jan. 8, 2008
We are not the only ones on a “Volt” watch considering Wall Street is now listening. -- Ed.
LAS VEGAS, NV - General Motors Corp. planned launch of the closely watched Chevrolet Volt in 2010 will remain "a stretch" even though the automaker has not hit any snags in its development of the rechargeable electric car, the automaker's chief executive said on Tuesday.
GM Chief Executive Rick Wagoner also said the automaker's initial tests of a new-generation of lithium-ion batteries needed to power the Volt had been "favorable."
"From the beginning, going for 2010 was a stretch, and it's still a stretch, but we're putting resources like crazy into it and we haven't seen anything yet that says we've hit a glitch on it," Wagoner told reporters on the sidelines of the Consumer Electronics Show in Las Vegas.
The Volt represents GM's bid to beat rival Toyota Motor Corp to the market with a hybrid vehicle that can be recharged at a standard outlet and to win back consumers who have abandoned the Detroit-based automaker's brands because of concern about fuel economy and the environment.
"I think it's fair to say that no concept in my GM career has created more excitement than the Chevy Volt," said Wagoner, who used his keynote address at the electronic industry's major trade to drive onstage in a prototype version of the car.
Environmental advocates have long urged automakers to develop plug-in hybrids such as the Volt, which GM sees as a way to restore some of the luster to its brands in markets such as California where they are now outsold by rivals… http://www.reuters.com/article/CHMMFG/idUSN0853468920080109
http://www.cleanmpg.com/photos/data/501/Chevrolet_VOLT.jpgKevin Krolicki – Reuters - Jan. 8, 2008
We are not the only ones on a “Volt” watch considering Wall Street is now listening. -- Ed.
LAS VEGAS, NV - General Motors Corp. planned launch of the closely watched Chevrolet Volt in 2010 will remain "a stretch" even though the automaker has not hit any snags in its development of the rechargeable electric car, the automaker's chief executive said on Tuesday.
GM Chief Executive Rick Wagoner also said the automaker's initial tests of a new-generation of lithium-ion batteries needed to power the Volt had been "favorable."
"From the beginning, going for 2010 was a stretch, and it's still a stretch, but we're putting resources like crazy into it and we haven't seen anything yet that says we've hit a glitch on it," Wagoner told reporters on the sidelines of the Consumer Electronics Show in Las Vegas.
The Volt represents GM's bid to beat rival Toyota Motor Corp to the market with a hybrid vehicle that can be recharged at a standard outlet and to win back consumers who have abandoned the Detroit-based automaker's brands because of concern about fuel economy and the environment.
"I think it's fair to say that no concept in my GM career has created more excitement than the Chevy Volt," said Wagoner, who used his keynote address at the electronic industry's major trade to drive onstage in a prototype version of the car.
Environmental advocates have long urged automakers to develop plug-in hybrids such as the Volt, which GM sees as a way to restore some of the luster to its brands in markets such as California where they are now outsold by rivals… http://www.reuters.com/article/CHMMFG/idUSN0853468920080109