GM set to announce Chevy Volt pricing
General Motors Co. will announce pricing on the Chevrolet Volt
extended-range electric car Tuesday during the Plug-In 2010 conference
in San Jose, Calif.
The exact price of arguably GM's most anticipated new vehicle, which
goes on sale late this year, has been a closely guarded secret, but the
Volt is expected to cost less than $40,000 before a $7,500 tax credit.
GM executives hope the Volt will transform the public's perception about GM.
The Volt, which will get up to 40 miles on electric power alone, will
have a range of 300 miles on its gasoline engine. The Volt's engine
kicks in after its battery is drained by about 70 percent to sustain the
battery's remaining charge, which will keep the car running for several
Earlier this month, GM announced an eight-year, 100,000-mile warranty on
the Chevrolet Volt's new lithium-ion battery. That's three years longer
than GM's standard powertrain warranty.
The vehicle will be sold initially in Michigan, California and
Washington, D.C., late this year -- as well as Austin, Texas, and New
Other launch markets -- New Jersey, Connecticut and the rest of Texas --
will begin receiving Volts in early 2011.
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