Chevrolet Volt
General Motors may build as many as 60,000 of its Volt electric cars for their inaugural year on the market, four times the sales of Toyota's Prius hybrid on its U.S. debut, people with knowledge of GM's plans told Bloomberg News.
Production at that level may allow GM to sell the plug-in Volt for less than $30,000 (the Price starts at $22,175 with 60,000 a year sold in the U.S.), the sources said.
The sources told Bloomberg that GM believes an affordable electric car will help spur a revival and leapfrogging technology is the path to gaining ground on Toyota.
GM is shooting for late 2010 for the introduction of the production Volt.
Analysts’ reaction to GM’s volume goals for the Volt ranged from difficult but significant to “totally ridiculous” by a president of a California consultant on batteries.
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Print | posted on Wednesday, August 22, 2007 4:37 PM