The Wall Street Journal revealed that General Motors Co. is expanding the launch of the Chevrolet Volt hybrid car to markets in the New York region and Austin, Texas.
It is expected that GM Chairman and Chief Executive Edward E. Whitacre Jr. will present this plan on Thursday in a speech to the Austin Chamber of Commerce. However, GM has yet to confirm this report.
The Volt, an extended range electric vehicle that has a gasoline engine, is designed for drivers and commuters that travel up to 40 miles a day. When the battery runs out, the gasoline engine takes over and allows the Volt to run 300 miles more.
A conventional household electrical outlet can be used to recharge the vehicle. Last Tuesday, Whitacre and other GM executives gave a briefing with regards to the "new" GM to investors and auto analysts.
GM wants to get away from US government control this fall with an initial public offering. Initially, GM had intended to launch the Volt hybrid in California, Michigan, and Washington D.C. in the fall.
These amended markets, in New York and in Austin, Texas, will permit GM to illustrate its research and engineering efforts in the country's largest media market, and in full view of Wall Street and customers in Texas. GM aims to display the ability of the Volt to function in both the hot and cold regions.