GM Officially Welcomes Volt To Chevy Family 11-30-2010 - WNEM TV 5

GM Officially Welcomes Volt To Chevy Family 11-30-2010

General Motors officials say recognized a promise they made three years ago -- to design, build and sell the world’s first electric vehicle with extended-range capability.
Welcome to the official launch of the Chevrolet Volt.
GM CEO Dan Akerson hosted the especial event Tuesday morning in Hamtramack along with several members of GM and Chevrolet leadership, the Volt leadership team, local leaders and special guests.
The first production Volts also came off the assembly line during the program.
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GM says it will hire 1,000 additional engineers in the Detroit area to work on battery technology. The automaker says most of the jobs will be at a technical center in Warren, Mich., north of Detroit.
The engineers will help develop batteries for hybrid, electric and hydrogen fuel cell vehicles of the future.
Hiring will begin immediately and last into 2012, he said.
Electric vehicles, Akerson said, are critical to the global auto industry, and the new Volt is the "first step in a long journey to develop the technology in this country, in this company."
Akerson drove a Volt onto a stage before making his presentation. The ceremony was held to mark the start of shipments of Volts to consumers who have ordered them.
Akerson said the $41,000 Volt will be sold at close to its cost. But he compared it to the digital camera as a necessary breakthrough in technology.
GM shares rose 3 cents to $33.83 in late morning trading Tuesday.
But even before hitting showrooms, the Volt has already has been named both the Motor Trend Car of the Year and the Green Car of the Year.
The compact car, will get the equivalent of 93 miles per gallon of gasoline in combined city and highway driving while powered by its batteries, the company announced Wednesday.


It can go about 35 miles on battery power before a gasoline engine kicks in to generate electricity, will get 37 mpg when running on the generator alone, GM said. In a driving cycle that combines battery and generator power, the car will get 60 mpg, GM said.
The figures, all estimates from the U.S. Environmental Protection Agency, will appear on the Volt's window sticker when the car official goes on sale. It's the EPA's best effort to come up with a realistic measure of gas mileage for electric cars just as GM and Nissan Motor Co. introduce them to the masses in a few weeks.
The Volt will have a sticker price of $41,000 and GM will sell it first in California, then make it available in New York; New Jersey; Connecticut; Washington, D.C.; Michigan and Texas.
The car will be sold nationwide in 12 to 18 months. Buyers will also be able to qualify for a $7,500 federal tax credit. Some states and communities are offering additional tax breaks that will lower the price further.
Count on WNEM TV5 and WNEM.com for complete coverage of the event.

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