GM Promises Cheaper Chevy Volts

ChevyLogoGeneral Motors Co. (NYSE: GM) said it will offer better prices on the next generation of Chevy Volts, the car company's flagship electric car. Since almost no one buys Volts now, the improvement may not mean much.

According to USA Today:

General Motors' plug-in electric Chevrolet Volt will get "thousands" cheaper when the time comes for its next generation, a top GM executive says.

Instead of shoehorning the electric powerplant into a conventional GM compact-car platform, the next Volt will be purpose-built. That will allow the ability to better package the batteries and other specialized components, says Mark Reuss, president of GM North America. He spoke Wednesday night at Automotive News' World Congress here in Detroit.

"The next generation will be even better," he vowed. And, if it is purpose-built, there are "thousands of dollars that can come out of it."


Filed under: 24/7 Wall St. Wire, Autos Tagged: GM

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum