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GM Planning Lower-Priced Volt for 2016

April 10, 2014

Photo of 2013 Chevrolet Volt courtesy of GM.
Photo of 2013 Chevrolet Volt courtesy of GM.

General Motors plans to sell two version of its Chevrolet Volt battery-electric hybrid in the 2016 model-year, including a lower-priced version, reports Reuters.

The lower-priced 2016 Volt would likely have a smaller battery pack and a shorter driving range, supplier sources told Reuters.

The second-generation Volt is scheduled to go into production in about 16 months at General Motors' Detroit Hamtramck plant. On Tuesday, GM announced it will spend $384 million to upgrade tooling and equipment at the plant to build the next-generation Volt "and two future products."

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