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Electric SUV still in the cards for GM
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Plug-In Vue (Google Images)
Given the continued volatility surrounding the U.S. auto market, we were quite pleased to hear some positive news from GM Vice Chairman, Tom Stephens.
According to Stephens, GM is still on track to launch a plug-in SUV in 2011. Some were concerned this wouldn't' happen, as the electrified SUV was supposed to be a Saturn Vue. Saturn was scrapped by GM as a part of its reorganization. However, we're now hearing that the SUV will come from either Chevy, Cadillac, Buick or GMC.
Stephens also said that GM is considering the launch of an all-electric compact car for congested cities. If that happens, they'll be joining other automakers, like Mitsubishi, Nissan and Ford, which are developing and launching their own smaller all-electric vehicles now.
Either way, GM remains committed to getting its plug-in – the Volt – on the road by 2010. Stephens added in a recent interview...
“ I can tell you that I won't lose one day in terms of customers being able to walk into dealerships and actually purchase a plug-in”
GM also has plans to have a total of 14 new hybrid models on the road by 2012.
For more info: Chevy Volt, Alternative Energy Investing
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