Production-ready Volt in September?
In September, in a well-planned move to coincide with GM's 100th Anniversary, GM will debut a production-ready Chevy Volt and announce a supplier for the Volt's lithium-ion battery pack (Yahoo). Unfortunately, this doesn't mean that the Volt will be ready to hit the market sooner than expected, as the first production-ready Volts will be put through numerous lab and real-world tests. Still, however, it will be a great step forward.
Nonetheless, the move does seem driven by PR. With GM stock at a 54 year low, GM needs to give investors something in which to believe. Obviously, the Volt is perfect for such an occasion, and if GM could also announce more aggressive numbers for initial production runs, it seems the Volt could provide a real lift to GM stock.
If not, however, 100,000 Volts per year could still be several years away. Will that be enough proof for investors?