GM to increase Volt production by 50%

Posted on Sunday, 1 August 2010 , 00:08:08 byAlina

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GM to increase Volt production by 50%

General Motors decided to increase production Volt production capacity by 50%, from 30,000 to 45,000 units in 2012. This announcement comes after President Obama toured the General Motors' Detroit-Hamtramck facility where the automaker is building the Chevrolet Volt. Detroit-Hamtramck makes up one of eight facilities located in Michigan that GM has invested in since 2008 in preparation for production of the Volt.

Initially there were plans to produce up to 30,000 Chevy Volts in year 2012. It seems there is a major push from the Obama administration to revolutionize how we consume energy and it will start with vehicles such as the Chevy Volt.

"The Chevrolet Volt provides drivers with the latest technology, outstanding innovation, and something no other electric vehicle can provide – peace of mind," Edward Whitacre GM CEO said when announcing the decision.

The long-awaited vehicle will be released in seven states -- up from three -- in December. The Volt will be available at first in California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington D.C.

It will cost $41,000 before tax credits, or $33,500 net of full federal income tax credit.

The Volt is covered by 3-year/36,000-mile bumper-to-bumper coverage, 5-year/100,000-mile roadside assistance and courtesy transportation, 5-year/100,000-mile limited gas engine coverage, 6-year/100,000-mile corrosion protection coverage and 8-year/100,000 miles battery warranty.