Building an affordable car using the technology will require advances in battery technology, the company said. Batteries powerful enough to allow the kind of highway speed and power drivers are accurstomed to also tend to produce a lot of excess heat. Battery companies are researching ways to produce batteries last longer and don't run hot while still being able to store and release ample power.

GM recently announced a contract with two battery companies to research advanced batteries that could be used in a Saturn Vue plug-in hybrid. That vehicle could be based on engineering like the Chevolet Volt's.

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GM reveals Chevy Camaro convertible Convertible version of the Chevrolet Camaro debuts. Production version will roll out in 2010. (more)

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.