Sponsored Editorial Content
Join Date: Jul 2010
General Motors Cuts $10,000 From Volt, Plans For Higher Oil Prices
For all the dismissive attitudes surrounding GM CEO Dan Akerson, his latest machinations seem particularly astute, even if they don't quite jibe with the tastes of "car guys".
For months, Akerson has been creating a contingency plan for when oil prices rise to $120 per barrel. Akerson is on record stating that "I don't think the industry learned a lot of lessons from 2008 ó they will this time around," and who can blame the guy. GM was sunk last time around in part because there were too many SUVs and trucks sitting on dealer lots when gas prices were high and credit was unavailable.
Cars like the Chevrolet Cruze, Sonic (above) and Buick Verano should help flesh out a lineup that was devoid of small cars during the last crisis, and Akerson has also demanded that the company find ways to reduce the cost of the Chevrolet Volt by $10,000. GM sources say that the goal has nearly been achieved, and that the Volt could either see an increase in production, a price cut Ė or more likely, a bump in profits for GM.
More: General Motors Cuts $10,000 From Volt, Plans For Higher Oil Prices