GM Places the Toyota crushing Chevy Volt in Production Slot for 2010

GM Places the Toyota crushing Chevy Volt in Production Slot for 2010

In a surprising turn of events, it appears as though GM has announced plans to produce the Eco-friendly Chevy Volt. A recent article at AutoBlogGreen.com, points to news on General Motor’s (GM) Concept Chevy Volt.

“This news comes courtesy of General Motors Larry Burns, GM’s vice president for research and development and Jim Queen, group vice president of global engineering. It is no secret that the Volt was a huge hit for GM at the Detroit Auto Show this year, and as our own statistics show, it was a hit with consumers who research their vehicles on the internet as well…According to Automotive News, GM has decided to go ahead with the development of both the original Volt concept with its internal combustion engine powering a generator which is capable of charging the on-board lithium ion batteries as well as the more recent fuel cell platform which uses an on-board hydrogen fuel-cell to provide a range-extending charge to said batteries.” (SOURCE)

In a previous post by Market Matador, we uncovered the “The Future of the Automobile and Alternative Energy.” The article discussed GM’s Volt and the suggestion that the car could get up to 150 MPG and run on Flex-Fuel technology (E-85 or traditional gasoline). We never expected it would go to production. For now, it looks like General Motors may actually have a bullish outlook, but purchases of GM should wait until more details emerge about the futuristic car and its production.

via MarketMatador.com