General Motors Company (NYSE:GM) has announced that it is expected to update its Detroit-Hamtramck assembly plant by spending $450 million and adding 1,400 new jobs. The car in this case is the updated or redesigned Chevrolet Volt range-extended electric car, which will launch for the model year 2016, according to the Detroit News. The Detroit News cited four sources that are familiar with GM’s plan.
Chevrolet Volt Posts
General Motors is going to build around 36,000 Chevrolet Volt and plug-in hybrids this year. This is 20% more than they sold in 2012. GM is working on building around 1,500-3,000 plug-in vehicles per month. The company sold around 30,000 Volt and Opel Ampera cars in 2012 according to GM spokesman Jim Cain.
If you are the owner of a Chevy Volt, you have contributed to the vehicle surpassing the 100 million electric miles driven milestone. The vehicle went for sale two years ago this month and the average Volt owner drives over 65% of the time in electric mode. Volt owners drive around 900 miles between fill-ups after charging regularly. The EPA has estimated that the vehicle hits around 98 MPGe, which puts the electric-only range at 35 mpg city and 40 mpg on the highway.
Since the Pulse2 founders were raised near the Motor City, we have naturally become car enthusiasts. We have tons of family and friends that work at the big auto companies and their suppliers. After the Department of Energy and the Obama administration pushed billions of dollars in the auto industry, we saw some changes in the environment around us. The optimism from Detroit companies grew since they were getting into the electric vehicle game. We have seen Henrik Fisker and Elon Musk build some great automobiles over the last few years too. This is why we have compiled a list of some of the best electric cars available on the market right now along with their specs. If there are some details that we have missed, let us know in the comments.
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This week General Motors said that they are upgrading the software on around 4,000 2013 plug-in hybrid Chevy Volt cars because of a glitch that could cause the electric motor to shut down. General Motors said that this issue only affects Volt owners that use the delayed charging function that allows users to recharge vehicles at certain times.
General Motors sold a solid number of Chevrolet Volt sedans in August. However GM is still losing as much as $49,000 on each Volt that they built according to a report compiled by Reuters industry analysts and manufacturing experts. Americans are paying only $5,050 to drive around a Chevolet Volt for two years that costs as much as $89,000 to build. GM is still years away from making money on the Volt too.
General Motors is suspending the production of the Chevy Volt since sales are not meeting company expectations according to Bloomberg. In July, GM sold 10,666 Volts in the U.S., which is very short of the 45,000 that CEO Dan Akerson was hoping to sell this year, out of the 60,000 globally. General Motors is cutting their sales projections down to about 30,000-40,000. The Volt plant will now be shut down between September 17 and October 15. The company is also expected to retool the 2014 Impala.
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Tony Posawatz was the vehicle line director of the Chevrolet Volt and now he is the CEO of Fisker Karma. Posawatz retired from General Motors last month before he was brought back into working mode again. He replaces Tom LaSorda, who has been CEO of Fisker Karma since February. Posawatz stepped down from GM to “spend more time with his family.”