Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

GM's crisis-mode product plan

Some new products are being delayed but others are just too important - or too far along - to hold off on.

1 of 11
BACKNEXT
Chevrolet Volt
Schedule: On target for late 2010

With the economy crumbling and sales way down, GM announced some drastic steps Friday. Among them were delays in the carmaker's product development plans.

In the auto industry, that's a scary move. Delaying new product means delaying the increased sales that come with them. Not all product programs were put off, however. Some are simply too far along to bother delaying. The investments have been made and it's time to reap some of the benefits.

The Chevrolet Volt seems to have made it through unscathed. In fact, GM said it would increase spending on its next-generation auto.

The plug-in Volt is, basically, an electric car with a ride-along gasoline engine. With a fully charged battery, it will be able to drive about 40 miles on electricity alone. As the battery begins to run low, the gasoline engine will fire up and begin producing electricity for longer range.

One thing the Volt won't generate is much profit for GM in its first generation. But it has already proven to have enormous public relations value. Its enormous fuel efficiency - the Volt could easily get triple digit miles-per-gallon numbers in government tests - will also give GM a lot of breathing room for meeting Corporate Average Fuel Economy (CAFE) requirements.


NEXT: Chevrolet Cruze
Last updated November 12 2008: 4:18 PM ET
More Galleries
Five most expensive cars sold at Pebble Beach These classic cars went for seven figure sums at the world's premier classic car event. More
Seats that move! Rain! Movie-watching goes beyond 3D How can movie theaters compete when many prefer to watch streaming video from their own comfy couches? Some hope a new interactive technology will lure audiences with immersive effects. More
15 cool cars for sale at Pebble Beach While these events are best known for seven-figure classics, just about everything crosses the block at Pebble Beach. More

Special Offer