Reuters: GM to launch cheaper 2016 Volt

|By:, SA News Editor

Citing auto supplier sources, Reuters reports GM will offer two 2016 Chevy Volt models, with one of them being "a lower-priced model with a smaller battery pack and shorter driving range."

GM is said to be aiming for a price point "just over" $30K for the cheaper model, and expects a range of less than 300 miles. The regular model "won't deviate dramatically" from the current $35K version.

Also: The 2016 Volt will reportedly "share its underpinnings with the next-generation Chevrolet Cruze."

With GM having only sold 58.2K Volts in 39 months, the company is hungry for a sales fix. The WSJ reported yesterday the auto giant plans to invest a fresh $450M in development and manufacturing for the Volt and its Cadillac ELR hybrids.