Many are worried how much say the U.S. government will have in future General Motors’ products since it will be a major shareholder of the new restructured company. Speaking at the Automotive Press Association luncheon, Bob Lutz confirmed that GM will still be making vehicles like the 2010 Chevrolet Camaro, Corvettes and full-size pickup trucks alongside the Chevy Volt and future hybrid models.
Lutz said that the new GM will ditch a lot of huge baggage and will emerge as a “smaller but leaner” company that will remain “a powerhouse” that is very profitable.
Lutz said that production of all the Chevrolet Volt-type vehicles, including the Opel Ampera, will take place in Michigan.
So hopefully, if GM files for bankruptcy on Monday, the Chevrolet Camaro Convertible and the Cadillac CTS Coupe will still make it to the market. Speaking of the CTS Coupe, Lutz said that the car had even impressed Obama’s auto task force. He said the auto task force members were asking when the CTS Coupe is going on sale and how much it would cost.
– By: Kap Shah
Source: Inside Line