GM says work on Chevy Volt continues despite financial problems

General Motors product development chief Tom Stephens said today that work on the 2011 Chevrolet Volt plug-in hybrid is progressing as planned despite the company’s financial troubles and the threat of bankruptcy right around the corner.

“At this point in time, I know of no reason why we can’t be in production by November of 2010,” Stephens told reporters.

According to Automotive News, Stephens said that GM is still deciding which of the other three core GM brands - Cadillac, Buick or GMS - would get the Volt’s...
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roundwego - 5/8/2009 10:57:27 AM

-6 Boost

deboost for being effin stupid.

ThierryHenry14 - 5/8/2009 11:50:59 AM

+3 Boost

Its a gamble. The Volt is a draining project that loses money, but what can potentially come out of it may make GM some money, that is, if GM can wait it out that long...

roundwego - 5/8/2009 2:18:15 PM

-1 Boost

I got a long shot for you.It ain't gonna be no milk moustache.

ThierryHenry14 - 5/8/2009 8:28:03 PM

+1 Boost

Larry,

I def agree its a long shot, but they really have nothing else going for them, so its like picking the "best" failed product. Its like which one sucks the least...

thstone - 5/8/2009 2:45:02 PM

0 Boost

The one thing that is constant about GM is that NOTHING ever changes.

I've heard that one definition of insanity is doing the same thing over and over yet expecting a different result.

Type707 - 5/11/2009 2:26:06 PM

+1 Boost

VOLT sucks. Nuff said.