GM's Volt to be launched in Korea

The Chevrolet Volt will be out in the Korean market next year, according to the local unit’s President and Chief Executive Mike Arcamone. General Motors Corp. puts the vehicle’s range at about 500 kilometers (km), with the first 60 km powered by electricity stored in its 16-kilowatt lithium-ion batteries, and the next 440 km with the generator powering the electric engine. The Volt will be sold in the United States to customers in California, New York, Michigan, Connecticut, Texas, New Jersey, and Washington D.C. starting in November for US$41,000, though U.S. government tax incentives will bring the price down to US$33,500. (July 29, 2010)