Despite the hype, the Obama administration's automotive task force has said the Chevy Volt is too expensive to solve General Motors' problems. In a report explaining its recent decision to give GM 60 days of funding and not more, the task force wrote, "While the Chevy Volt holds promise, it will likely be too expensive to be commercially successful in the short-term." However, the government apparently will not cancel the Volt Program.
According to Bloomberg, a source "who asked not to be identified because the task force's deliberations are private" has said "The Obama administration, pressing for more fuel-efficient vehicles, won't block" the Volt project. "The administration's concerns about the Volt were offset by its belief that GM needs cleaner, fuel-efficient vehicles to succeed in the long term, said the person."
That doesn't mean the Volt will reach showrooms on time. Bloomberg adds, "GM's problems may mean the company won't meet its timetables for producing and selling the Volt though, the person said."
Autoblog Green notes, "The official sentiment at General Motors is that the Chevy Volt will make it to production on schedule. 'This thing is full steam ahead, nothing has changed,' says GM spokesman Rob Peterson, referring to the Volt project."
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