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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.

Cadillac may get future rear-drive hybrids

General Motors' two mode hybrid powertrain, used only in trucks, will migrate to rear-drive cars in the next generation, said Tom Stephens, GM's vice chairman of global product operations. Two likely candidates: Cadillacs, says consultant Jim Hall of 2953 Analytics in suburban Detroit. Last month, GM said it is developing an electric motor that is 25 percent smaller and 20 percent more powerful than the motor used in today's two mode hybrid full-sized trucks.

Renault Gordini back

The old Clio Renaultsport with a 1965 Renault Gordini 8 I think you’ll probably have to be over 40 – or a Renault nut – to have any knowledge of the Renault Gordini. But you’re soon going to be a bit more knowledgeable if reports that Renault are about to revive the Gordini name are true. There have been rumours for quite a while that Renault want to use the Gordini name on their ‘Sporty’ cars in the same way that BMW has used the Cooper name on MINIs and Fiat the Abarth name.