Bear in mind this is GM where the president of the company, years ago, memorably said, "What’s good for General Motors is good for the United States." One would not have thought the distinct possibility of bankruptcy would have generally have been thought of as being to a nation’s advantage.
Note the Volt can run on batteries alone within a 40-mile range. It has a small internal-combustion engine that kicks in after the battery runs out of juice. Also note that 200 miles is the target every company has set itself. And there is no doubt it will be met.
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