GM Aims for 60,000 Chevrolet Volts Annually by 2012

#GM, #Volt

General Motors doesn't plan on selling too many of its Chevrolet Volts this year but has high expectations for 2012 with a production goal of 60,000 units.

GM will initially start with 10,000 to 15,000 Volts during its launch year before stepping its game up. Assembled at the Hamtramck plant in the Detroit, Michigan, area, the Volt has been a highly controversial matter, particularly given its importance to the GM portfolio. The fuel economy issue has been a hot topic, but, nevertheless, the Volt will be released in its initial markets later this year.

After boosting production to 60,000 in 2012, GM may increase the build rate, depending on market reaction. Up to 5000 Volts are expected to be exported to Canada and other markets as well. The original target was 45,000. Year-to-date, Chevrolet has eight models that have already crested the 60,000 mark in sales -- Camaro, Cobalt, Equinox, HHR, Impala, Malibu, Silverado, and Traverse. The Volt carries a base price of $41,000, excluding a federal tax credit of $7500 that offsets federal tax liability.

Source: The Detroit News

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