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GM confirms plans to build Volt-based Cadillac

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* GM will build Cadillac version of Volt in 2013 or later

* Variants key to offsetting cost of electric car effort

* Lutz: Volt price won't be a barrier to sales

By Kevin Krolicki

DETROIT, Jan 10 (Reuters) - General Motors Co [GM.UL] will build a Cadillac version of its highly anticipated battery-powered Chevy Volt sometime in 2013 or later.

The Cadillac Converj will be the second GM vehicle built on the automaker's system combining a lithium-ion battery pack with a traditional engine as backup, GM Vice Chairman Bob Lutz said late on Sunday.

The rechargeable or plug-in Cadillac is "heading for production" and will be designed, like the Volt, to be driven for 40 miles (64 km) on battery power alone, Lutz said.

Read More: http://www.reuters.com/article/idUSN101345...ype=marketsNews


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