GM wants to establish itself as a leader in that emerging market, and it is expected to spend around $1 billion bringing the car to market. But the company’s future is far from certain, and rests on an aggressive restructuring plan that would make taxpayers majority shareholders.
Tony Posawatz, vehicle line director for the Volt, said that whatever happens, the company remains absolutely committed to the Volt, and is actually allocating more people and money to the project. “We think electric vehicles are the future,” Posawatz said. “Not two to three years, but certainly five, 10, 15 years. This is our long-term view, and we believe we will be in a position to lead.”
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