SOUTHFIELD, Mich. – General Motors stopped work on the Cadillac Converj, an electric-drive coupe similar to the Chevrolet Volt, to focus on cheaper plug-in hybrids for its luxury brand, two executives with knowledge of the move said.
GM concluded that the Converj couldnt have enough amenities and electric range to be compelling to buyers and produce a profit, said the executives, who asked not to be identified because the details arent public.
The decision reverses GMs public stance of less than two months ago, when Vice Chairman Bob Lutz said the Converj was in the automakers plans.
While plug-in hybrids cant go as far on a single charge as a car with the Volts technology, their batteries are lighter and may cost less than half as much.
The future lies in plug-in hybrids with smaller electric range, said Eric Noble, president of CarLab, an Orange, Calif.-based automotive consultant. Dropping the Converj is a tacit admission from GM that they over-batteried the Volt.
Pat Morrissey, a GM spokesman, declined to comment on the Converj.
GM plans to sell the Volt for $40,000 when the sedan debuts in November. It has lithium-ion batteries and a gasoline motor used only for recharging, not to power the wheels, and is designed to go 40 miles on electricity alone.
Adapting the Volts technology to meet Cadillac performance and luxury standards would have bulked up the Converj with features such as larger wheels and heavier seats, slashing the cars electric-only range to about 20 miles, the GM executives said.
One of them said the cost would rise by $30,000.