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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

GM recalls 1.5 million vehicles for oil leak

General Motors is recalling nearly 1.5 million Buick, Chevrolet, Oldsmobile and Pontiac mid-sized cars equipped with a 3.8-liter engine because an oil leak could start an engine fire. Under hard braking, engine oil could leak past a heat shield and drip on the exhaust manifold. The National Highway Traffic Safety Administration says that could start a small fire that could spread to a plastic spark plug wire guide and beyond.

Chevrolet Camaro ZL1 details leak out

Details about the high-performance 2012 Chevrolet Camaro ZL1, taken from the dealer ordering guide, are spreading on the Internet courtesy of fans on the Camaro5 message board. Here are some of the highlights: -- The LSA supercharged 6.2-liter V8 will deliver 580 hp and 556 lb-ft of torque on premium fuel. It will connect with a Tremec six-speed manual transmission as standard, while a Hydra-Matic six-speed automatic will be optional.