DETROIT -(Dow Jones)- General Motors Corp. (GM) on Tuesday vowed to forge ahead with plans to deliver its Chevrolet Volt electric car by 2010, with or without the emergency loans the auto maker says it needs to survive into next year.
Source: CNN
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Reuters is now reporting that Korea’s LG Chem and its US subsidiary Compact Power Inc, has won out over the team of Continental and A123 Systems. General Motors announced on Friday that the automaker has reached a tentative agreement with the California Air Resources Board – better known as CARB – that could allow the upcoming Volt to be classified as a 100 mpg vehicle, a major marketing boon for the new vehicle. General Motors unveiled the production model of the Chevrolet Volt plug-in electric car this morning to celebrate its centennial, saying it had “reinvented the automobile” for the next 100 years. A whole set of Production Chevy Volt pictures have been leaked each with one member of the GM executive team standing before it. Vauxhall’s Ellesmere Port plant on Merseyside is being studied as the possible European production centre for General Motors’ revolutionary Volt electric car, it emerged yesterday. |
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