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TheStreet Open House

GM Volt's Nov. Sales Decline Masks Gains by Controversial Car

Can Volt change the world? Its innovative technology uses electricity stored in a battery to power it for 35 miles, then switches to a gasoline engine that powers an electric generator to extend the vehicle's range by about 300 miles. Three days ago, a virtual odometer on the Volt Web site showed that Volt drivers had driven over 100 million miles powered by their electric batteries, saving over 5 million gallons of fuel.

Toprak anticipated that next year GM could sell 50,000 Volts. That would be a year later than the company expected to reach sales of 45,000. Through November, 2012 sales totaled 20,828.

A year late on a sales target. Is that great, or is it horrible? Your answer no doubt reflects your politics because Volt has been a controversial car, swept up in the debate over whether the U.S. should have bailed out two of its three automakers. But changing the world takes time.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

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