General Motors on Monday asked the U.S. government for a total of $2.6 billion in low-interest government loans to support the development of three new hybrid vehicles – two of which it said will be spin-offs from the Chevrolet Volt plug-in hybrid. That brings GM’s loan request to $10.3 billion in aid from a U.S. [...]
Apparently two-door coupes are hard to sell and that’s one issue that’s keeping GM from putting its latest Cadillac Converj concept into production. According to Motor Trend, GM is now considering a four-door version of the Converj concept for production making it more of a four-door-coupe for Cadillac. Don’t get too excited because sources say [...]
It’s no surprise that General Motor’s tight finances will hold it back from producing a production version of a concept like the Cadillac Converj. But you have to ask yourself why cash-strapped GM would invest money in a concept that it sees no future for in the short-term – especially in terms of profitability. According [...]
“¢ It’s a luxurious Caddy version of the Chevrolet Volt. “¢ Voltec-system along with 4-cylinder engine produces 161-hp. “¢ Travels 40 miles on battery-power; Top speed of 100 mph. “¢ Takes 3 hours to recharge at 240V. GM has unveiled the much talked about E-REV Caddy concept. The new Cadillac Converj Concept made its debut [...]
