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GM asks for the money to develop the Converj?

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DETROIT (Reuters) -- General Motors has asked for $2.6 billion of low interest government loans to support the development of three new hybrid vehicles, according to a business plan update released on Wednesday.

GM's loan request, which would help develop two spinoffs from its all-electric Chevrolet Volt, raises to $10.3 billion the aid it is seeking under a U.S. Energy Department program designed to support development of fuel-efficient vehicles.

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The Converj show car is a Cadillac variant of the Chevrolet Volt extended range electric car.





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