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Chevy Volt: GM Claims Electric Car On Track For 2010

06/11/2008 05:12 am ET | Updated May 25, 2011

WILMINGTON, Del., June 3 (Reuters) - General Motors Corp said on Tuesday its all-electric Chevrolet Volt was on track for a launch in 2010 after the company's board approved funding for production of the high-profile plug-in vehicle.

"The Chevy Volt is a go," GM Chief Executive Rick Wagoner told reporters ahead of the company's annual meeting with shareholders in Wilmington, Delaware.

"What we're saying with this approval is that the GM management and board believe the technical goals of the Volt are not only achievable, but achievable generally within the time frame we previously outlined," Wagoner said.

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