Chevy Volt Still Set to Hit Dealerships in Nov 2010
40,000 dollar Chevy Volt still on schedule for a 2010 launch but sales of hybrids have fallen dramatically in the US
By Alex Ricciuti
March 19, 2009 5:30 PM
Filed Under: American, Corporate/Financial
What if they build it and no one comes?
As gas prices fall to below an average of 2 dollars a gallon in the US, and the global economic crisis has been crushing auto sales there and everywhere, sales of hybrid vehicles have dropped off precipitously. Monthly sales of hybrids in the US were down by two-thirds in February (to only 15,144 units) compared to their peak in April of 2008.
Now, GM has announced that the Chevy Volt is still scheduled to hit dealer showrooms by the end of 2010. No worries, there will be no delay on that front.
But consumers are being hit hard by the crisis and are not buying cars at all, let alone expensive gas-sippers like a 40,000 dollar Chevy Volt, a plug-in hybrid.
The latest from GM's panhandling predicament is that they didn't need to make a trip to their personal cash machine, otherwise known as the US Treasury, in March. That was the good news. But GM says they will need another 2.6 billion in April to survive until...May? Who knows anymore. And they're still tapping their feet standing at the machine waiting for the additional 16.6 billion dollars in bailout money that they have requested (on top of the 13.4 billion they have already received).
GM may not even be around in its present form by the time the tail end of 2010 comes around. But if they are, they had better have showroom products that meet the demands of the consumers then, not those of politicians or futurist environmentalists who keep nagging the company today.
Related Articles
- GM kills medium-duty trucks while opening new battery lab (14 comments
- Chevrolet Volt Li-ion battery packs to be manufactured by LG Chem (45 comments
- Volt Engine Plant Construction Put on Hold (9 comments
- Chevrolet Volt Unveiled at GM Centennial Event (26 comments
- GM Seek Tax Break to Lower the Chevrolet Volt's $40,000 Expected MRSP (4 comments
Comments
Add Comment
- 2010 BMW F10 5-Series Leaked
- Audi A7 Spied Undisguised
- Race Prepared Fiat 500 by Romeo Ferraris Packs 360hp
- 9ff Speed9 Based on Porsche 997 Turbo Revealed
- New Porsche Boxster Spyder Photos Released
- Hyundai Kia Announces New 2.4 Theta II GDI Engine
- Abt Golf VI GTD Tuning Program Announced
- Opel Corsa Gets Mid-Cycle Refresh Without Facelift
Latest F1 News
Argentine signs conditional USF1 race deal
Nov 21, 09 1:33 PM
Williams sells team share to Toto Wolff
Nov 20, 09 8:30 PM
De la Rosa, Villeneuve, Summerton linked to USF1
Nov 20, 09 8:00 PM
WRC options emerge for Raikkonen
Nov 20, 09 7:30 PM
Sauber waits while FIA considers Toyota penalty
Nov 20, 09 7:00 PM
Still no deal for 2010 British GP - Ecclestone
Nov 20, 09 6:30 PM
Neel Jani to test Force India at Jerez
Nov 20, 09 6:00 PM
Persistent Schu/Merc rumours played down again
Nov 20, 09 5:30 PM
Mercedes GP in no hurry to replace Button
Nov 20, 09 5:00 PM
Button switched for less money and 'new challenge'
Nov 20, 09 4:30 PM














