GM Unveils Chevy Volt. By Ken Bensinger, LATimes, September 21, 2008. "Tuesday's unveiling of the Chevrolet Volt electric hybrid car was supposed to be a celebration of new technology, the birth of a new class of automobile. Instead, the crowd at General Motors Corp.'s Renaissance Center was buzzing over who was going to pay for it: GM or American taxpayers? GM revealed the much-hyped vehicle at an event celebrating the automaker's centennial... After presenting the Volt to a standing-room-only audience, GM's Chairman and Chief Executive Rick Wagoner said he was asking Congress for only $25 billion in loan guarantees to the industry. That may be a sign the automakers are tempering their stance -- just two weeks ago, company executives said they were hoping for $50 billion in loans. 'I think that $25 billion is a fair amount,' Wagoner said... The Volt will rely on a lithium-ion battery to give it a range of up to 40 miles on electricity alone, and has a gasoline-powered generator that can power it a further 360 miles. The Volt isn't due to go into production at the GM plant in Hamtramck, Mich., until late 2010."
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