GM wants to double the 2012 production capacity for the Chevrolet Volt

Article by Christian A., on January 24, 2011

Sources said that General Motors Co. seeks to double the 2012 production capacity for the Chevrolet Volt to 120,000 as it aims to boost the plug-in hybrid's sales.

Earlier this month, GM CEO Dan Akerson said that Volt output this year may increase to 25,000 from the initial plan of 10,000. GM is presently working with suppliers to increase 2012 capacity from an earlier target of 60,000.

These sources also said that if the parts aren’t available or if demand isn't that high, the company may not boost its production up to that many.

Akerson, who became CEO in September, seeks to sell more of the $41,000 Volt and is pushing to use its Voltec gasoline- electric drive system for models sold by other GM brands. Akerson said that he prefers that GM will have more fuel-efficient models prepared for a possible increase in oil prices to $120 a barrel.

On Jan. 11, Akerson told analysts at Deutsche Bank's Auto Industry Conference in Detroit that it wants to keep its sharp focus on technology. He said that it doesn’t want what happened in 2008 to be repeated.

It can be recalled that in 2008, crude oil increased to over $140 a barrel and average gasoline prices exceeded $4 a gallon. As a result, sales of trucks and cars with large engines plunged, contributing to GM's $30.9 billion loss that year.

Randy Fox, a GM spokesman, didn’t provide details about production plans. He also couldn’t say how many orders have been received for the Volt or how long the wait will be. [via autonews - sub. required]

If you liked the article, share on:

Pin It

Comments

Recommended

Tesla marked a major milestone as it surpassed Ford in market capitalization. Automaker Tesla, formerly known as Tesla Motors, closed out the trading on March 27, 2017, with a market...
by - March 30, 2017
The mid-cycle facelift for the Mercedes-Benz's S-Class have been disclosed to the public eye via these leaked shots. The images that recently surfaced and others like it were published online...
by - March 30, 2017
Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
McLaren car owners will be thanking the automotive company as it has decided to roll out new goodies for the 540C, 570S and 570GT sports car line-up. From this series...
by - March 29, 2017
On July 11, Audi is set to reveal its flagship luxury sedan, the all new A8. And at this moment, none of us are sure how this model will look....
by - March 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries