GM CEO Announces New Vehicle That Gets 230 MPG

By Scott Sarvay

June 18, 2010 Updated Aug 11, 2009 at 5:23 PM EDT

DETROIT (Indiana's NewsCenter) - How'd you like to own a car that gets 230-miles a-gallon?

It could be a reality, next year.

General Motors President and CEO Fritz Henderson talked about the "new GM" during a news conference Tuesday.

One of the new products, the "Chevy Volt," the gas-electric hybrid GM is developing for 2010.

The "Volt" is a rechargeable electric car that should get 230-miles per gallon of gas in "city" driving.

It's powered by an electric motor and a battery pack with a 40-mile range.

After that, a small gasoline engine kicks in to generate electricity.

Henderson says, "We expect the Chevy Volt will be the first mass-produced vehicle to claim a triple digit composite flue economy rating, including a city rating of at least 230 miles per gallon."

It's due in showrooms "next" November.

Henderson also talked about the new program starting today in California letting buyers haggle over the prices of new cars and trucks through eBay.

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