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
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer
Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.