GM: New products and technologies on track, 14 hybrid models coming by 2012
In all of the statements released today by General Motors, the now bankrupt automaker said that its new products and technologies are on track. It said that that the New GM will continue with key vehicle launches in 2009 and 2010 including the 2010 Chevrolet Camaro, 2010 Buick LaCrosse, 2010 Cadillac SRX and CTS Sport Wagon, the 2010 Chevrolet Equinox, Cruze and Volt along with the 2010 GMC Terrain.
“Our products are our future, and our lineup of new cars and crossovers are a great foundation for success,” said CEO Fritz Henderson. “The New GM is here to stay, and our brands position us to compete well in profitable segments with vehicles that are second-to-none.”
GM said that it will launch the Chevrolet Volt plug-in hybrid by the end of 2010 and expects to have 14 hybrid models in production by 2012. It said that 65 percent of its vehicles will be alternative-fuel capable by 2014.
“The New GM will become a long-term global leader in the development of fuel-efficient and advanced-technology vehicles,” said Henderson. “In doing so, the New GM will contribute to the development of advanced engineering and manufacturing capabilities in the United States, which are critical to the future of the U.S. economy.”
– By: Kap Shah