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A Healthier GM Withdraws Loan Request

General Motors won't need that $14.4 billion in low-interest loans from the Department of Energy after all. The company says it has enough cash in its coffers to pay for R&D on battery-powered vehicles and other technologies.

The automaker will also expand the production capacity and volume for the Chevrolet Volt plug-in. Original plans were for 10,000 of the vehicles this year to go to a limited number of dealers. The company, however, says it will increase production to at least 25,000 Volts in 2011 and get the vehicles to all dealers before the end of the year.

Read the whole story at The Detroit Bureau »

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