announced at the LA Auto Show today -
Chevy Volt
Also: the bid price for GM's IPO is skyrocketing to the point where the govt. stake in the company will come close to being paid off.
Link....
Chevy Volt
Also: the bid price for GM's IPO is skyrocketing to the point where the govt. stake in the company will come close to being paid off.
Link....
GM's Volt named 2011 Motor Trend Car of the Year
Warren— Motor Trend Magazine has named the Chevrolet Volt its 2011 Car of the Year. General Motors Co. received the prestigious industry award this morning during a ceremony from inside a wind tunnel at the automaker's tech center in Warren.
Motor Trend Editor-in-Chief Angus MacKenzie said the Volt — GM's $41,000 battery-powered car with a backup gas engine — is one of the most significant vehicles to receive the award in its 61-year history.
The accolades come just weeks before the much-anticipated Volt is scheduled to arrive in dealer showrooms. The first Volts began rolling off the line at GM's Detroit-Hamtramck plant this month.
"The Volt has some of the most advanced engineering ever seen on an American production car," McKenzie said in a video posted on the magazine's website.
GM officials lauded the effort put into the Volt and thanked employees for their work and dedication.
"It doesn't get any better than this," said Tom Stephens, vice president of global product operations, as he addressed a crowd of workers and media.
The Volt is powered by electricity for a range of about 25 to 50 miles, and a backup gas engine turns on once the battery is about 70 percent depleted.
"We expected a science experiment, but this is a moon shot," the magazine's editors described the Volt in a January 2011 issue of Motor Trend.
"The Volt delivers on the promise of the vehicle concept as originally outlined by GM, combining the smooth, silent, efficient, low-emissions capability of an electric motor with the range and flexibility of an internal combustion engine," the editors wrote.
Warren— Motor Trend Magazine has named the Chevrolet Volt its 2011 Car of the Year. General Motors Co. received the prestigious industry award this morning during a ceremony from inside a wind tunnel at the automaker's tech center in Warren.
Motor Trend Editor-in-Chief Angus MacKenzie said the Volt — GM's $41,000 battery-powered car with a backup gas engine — is one of the most significant vehicles to receive the award in its 61-year history.
The accolades come just weeks before the much-anticipated Volt is scheduled to arrive in dealer showrooms. The first Volts began rolling off the line at GM's Detroit-Hamtramck plant this month.
"The Volt has some of the most advanced engineering ever seen on an American production car," McKenzie said in a video posted on the magazine's website.
GM officials lauded the effort put into the Volt and thanked employees for their work and dedication.
"It doesn't get any better than this," said Tom Stephens, vice president of global product operations, as he addressed a crowd of workers and media.
The Volt is powered by electricity for a range of about 25 to 50 miles, and a backup gas engine turns on once the battery is about 70 percent depleted.
"We expected a science experiment, but this is a moon shot," the magazine's editors described the Volt in a January 2011 issue of Motor Trend.
"The Volt delivers on the promise of the vehicle concept as originally outlined by GM, combining the smooth, silent, efficient, low-emissions capability of an electric motor with the range and flexibility of an internal combustion engine," the editors wrote.
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