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Low funds may keep Converj from seeing production

Intrepidation

By Intrepidation
in Industry News

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Intrepidation

Intrepidation

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Posted
Low funds may keep Converj from seeing production

2009-cadillac-converj-concept-co-1.jpg


GM's low reserves of cash could hurt the prospects of the Converj concept being green lighted for production. Bob Lutz explains, "Ready to go? Well, first we have to prove to ourselves that we have the money... and then that it's a high enough priority to displace something else, and that we can actually make money on the vehicle, and that there is potential customer interest and so forth. We haven't done any of that work yet."

It only seems logical to build it, as it would help offset cost of the Volt and it could be sold at a profit.

Follow the jump to get the full story.

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