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William Maley Staff Writer - CheersandGears.com September 17, 2013 It's no secret that General Motors has been keeping a very close eye on Tesla. Back in July, we reported that CEO Dan Akerson created a group to study Tesla and how it could effect GM. Now it seems GM wants to take Tesla on. According to the Reuters and the Wall Street Journal, General Motors is working on a electric vehicle with a 200 Mile range and a pricetag of $30,000. This information came from GM's vice president of global product programs, Doug Parks. This comes on the heels on Tesla's founder and chief executive Elon Musk announcing a compact electric sedan known internally as Gen 3 due in 2016. This sedan will have a 200 mile range and cost somewhere around $35,000. The big challenge for this new model is the price of the batteries admits Parks. Current battery technology can allow this, but the costs to implement this are too high for the time being. GM hasn't given a possible date of when this magical vehicle will be shown. Source: Reuters, Wall Street Journal William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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William Maley Staff Writer - CheersandGears.com September 17, 2013 It's no secret that General Motors has been keeping a very close eye on Tesla. Back in July, we reported that CEO Dan Akerson created a group to study Tesla and how it could effect GM. Now it seems GM wants to take Tesla on. According to the Reuters and the Wall Street Journal, General Motors is working on a electric vehicle with a 200 Mile range and a pricetag of $30,000. This information came from GM's vice president of global product programs, Doug Parks. This comes on the heels on Tesla's founder and chief executive Elon Musk announcing a compact electric sedan known internally as Gen 3 due in 2016. This sedan will have a 200 mile range and cost somewhere around $35,000. The big challenge for this new model is the price of the batteries admits Parks. Current battery technology can allow this, but the costs to implement this are too high for the time being. GM hasn't given a possible date of when this magical vehicle will be shown. Source: Reuters, Wall Street Journal William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
