GM Said to Plan Doubling 2012 Production Capacity of Chevrolet Volt Hybrid
General Motors Co. Chief Executive Officer Dan Akerson, seeking to boost sales of plug-in hybrids, plans to double 2012 production capacity for the Chevrolet Volt to 120,000, said two people familiar with the matter.
Volt output this year may increase to 25,000 from an original plan of 10,000.
Akerson said earlier this month. GM is working with suppliers to raise 2012 capacity from an earlier target of 60,000. It may not build that many if parts aren´t available or demand isn´t strong enough, said the people, who didn´t want to be named because the plans are private.
Akerson, who became CEO in September, wants to sell more of the $41,000 Volt and is pushing to use its Voltec gasoline- electric drive system for models sold by other GM brands. Akerson has said he wants GM to have more fuel-efficient models ready for a possible increase in oil prices to $120 a barrel.
"We want to stay sharply focused on technology," Akerson told analysts at Deutsche Bank´s Auto Industry Conference in Detroit on Jan. 11. "We don´t want to be caught flat-footed as we were in 2008."
General Motors Co. Chief Executive Officer Dan Akerson, seeking to boost sales of plug-in hybrids, plans to double 2012 production capacity for the Chevrolet Volt to 120,000, said two people familiar with the matter.
Volt output this year may increase to 25,000 from an original plan of 10,000.
Akerson said earlier this month. GM is working with suppliers to raise 2012 capacity from an earlier target of 60,000. It may not build that many if parts aren´t available or demand isn´t strong enough, said the people, who didn´t want to be named because the plans are private.
Akerson, who became CEO in September, wants to sell more of the $41,000 Volt and is pushing to use its Voltec gasoline- electric drive system for models sold by other GM brands. Akerson has said he wants GM to have more fuel-efficient models ready for a possible increase in oil prices to $120 a barrel.
"We want to stay sharply focused on technology," Akerson told analysts at Deutsche Bank´s Auto Industry Conference in Detroit on Jan. 11. "We don´t want to be caught flat-footed as we were in 2008."
As per a report on Bloomberg. For more details click here.
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