Home / Auto News / News article: General Motors Plans To Cut Volt Costs Are "On Track" - AutoGuide.com News
 |  Apr 14 2011, 11:54 AM

A program initiated by General Motors CEO Dan Akerson meant to cut $10,000 from the cost of the Chevrolet Volt is well under way, according to a report by the Detroit News.

“We have a cost reduction plan all the way through 2020 and Generation 3,” said Alan Taub, vice president for global research and development, while speaking to the paper at the SAE World Congress. “In fact, we’ve been challenged by our new leadership team to pull those earlier in time, and we’re on track to meet our new cost reduction targets.”

Taub said that the next generation will also improve battery technology as well as overall efficiency, and that the third generation would appear no later than 2020.

[Source: The Detroit News]