People often ask and speculate about whether GM will secretly roll the Volt out earlier than November 2010 in a surprise move.
GM first publicly announced the November 2010 target launch date back in November 2007, when I happened to pick up Bob Lutz mentioning it in the scrum at the 2007 LA Auto Show. This three year soup to nuts target is aggressive for any vehicle, let alone one so complex and dependent on new technology as the Volt, compounded by its need for a heretofore nonexistent mass-production lithium ion battery pack.
It is downright remarkable that considering all the drama GM has been through the date hasn’t changed at all. GM apparently even has a specific day in mid-November when the first car will be launched.
GM has a new board of directors which was installed after they emerged from bankruptcy. This has been headed by Ed Whitacre, former CEO of AT&T, who recently ousted Fritz Henderson.
Currently, according to the New York Times GM is flush with cash. They are said to have a stockpile of $46.2 billion and the board is looking for ways to use it to help achieve profitability as soon as possible.
One idea the new board came up with, according to anonymous sources, was to offer $100 million more for the Volt program in an effort to get the car released sooner than November 2010.
Considering GM has already spend $1 billion developing the car, and around $700 million investing in its manufacturing infrastructure, what’s another $100 million if it could put it in the public hands sooner. Of course, the simple labor of time in ironing out the glitches may not be something money could buy.
In fact, GM VP Jon Lauckner told the New York Times that more money won’t necessarily allow GM to launch the Volt out sooner, but could allow them to build more early prototypes for consumer test drive opportunities.
“We have already reduced the Volt’s development time by about seven months,” Lauckner told the Times. “Our date with destiny is November of 2010, but it could be useful for us to have the money to get some vehicles to consumers earlier than that.”
So will this money be spent, and what exactly does Jon Lauckner mean?
Source (New York Times)





