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GM Says Volt Still on 2010 Target

May 07, 2009

General Motors Corp. confirmed last week that it's still on target to release the Chevy Volt in 2010. 

"Throughout the Plan, GM will continue to make significant investment in future products and new technologies, with an investment of $5.4 billion in 2009, and investments ranging from $5.3 to $6.7 billion from 2010 to 2014," the automaker said in a statement. "Very importantly, development and testing of the Chevy Volt extended-range electric car remains on track for start of production by the end of 2010 and arrival in Chevrolet dealer showrooms soon thereafter."

Volt buyers will also receive a $7,500 federal tax credit. Additional incentives may be added, but none have been announced.

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