• Most Popular
  • Most Shared

GM not counting on U.S. government aid to develop Volt: Lutz

DETROIT
Tue Sep 16, 2008 11:20am EDT

DETROIT (Reuters) - General Motors Corp GM.N is not counting on potential U.S. government loan guarantees of $25 billion for the auto industry to help bring its plug-in Volt model to market, a top executive said on Tuesday.

Stocks  |  Green Business

"We are not budgeting on that (government aid)," global product development chief Bob Lutz said at an event to celebrate GM's 100th anniversary, where it showed off the production version of the Volt.

Lutz said development of the Volt was fully funded and proceeding "very smoothly." Production models should appear in showrooms by November 2010.

(Reporting by Nick Carey and Poornima Gupta; Editing by Lisa Von Ahn
Stocks
Green Business


More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review