On top of the $8 billion they are already asking the US government for, GM is adding in a $2.6 billion loan request to develop the Volt and two spin-offs (Reuters).
GM is applying for the loan through the DOE loan program to develop fuel efficient vehicles. GM has already shown off a concept Cadillac Converj, which uses the Volt E-REV technology (Extended Range Electric Vehicle).
The auto team put together to review GM's plan for viability already stated the Volt was too expensive, which may put a damper on the loan application.
Thursday, April 02, 2009
GM Wants a $2.6 Billion Loan to Develop Volt and Spin-Offs
Subscribe to:
Post Comments (Atom)
Follow me on Twitter
No comments:
Post a Comment
Comments posted on Hybrid Car Review will be moderated. Please avoid dropping links just for the sake of links. The comment will be deleted shortly after. Keep comments on topic and non-abusive. Thanks!