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GM says bankruptcy won't affect the Volt, but how much say does it have?

Darren Murph

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As General Motors finally caved this morning, waved the white flag and filed for bankruptcy, those following electric cars immediately wondered what this all would mean for the long-awaited Volt. For years now, GM has steadfastly affirmed that it was moving forward with production regardless of what else was going on within the company and the economy at large. According to Technology Review, a GM spokesperson confirmed again this morning that "the filing will have no impact on the company's plans to start selling the Volt at the end of next year." That said, we have to wonder how much such a statement really means; reports have stated that the US government may up holding as much as 60 percent of the company, and if the primary goal is to bring the outfit back to profitability as soon as possible, Obama and Company may not feel that pouring even more into the high-priced Volt is a good idea. In related news, we hear Tesla is still taking orders...

Update: GM has pushed out an official statement that (in a few words) also suggests that the Volt is still on track.

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