You're watching...
General Motors North America president Mark Reuss on the Chevy Spark EV at the L.A. Auto Show.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
The Los Angeles auto show kicking off on Friday and General Motors using the first auto show this season to make gave.
Big -- well it Jeff Flock just standing by at LA at the convention -- -- more forced death.
I do cannot tell you the auto show the big unveil for GM doesn't come until later today but.
We've got a sneak -- right here because we're talking to the man mark Royce this is the -- -- sparked.
ED this is moral electorate that -- this is a pure electric and done.
This carried is a real the -- size -- we -- -- the car the size either in -- frankly at this price point.
25000 dollars.
With -- -- shepherd than the -- not however I'd much I.
No assumption would say the volt has been a disappointment terms of sales -- you're doubling down on Electric's we ally.
-- we're we're -- about third you know 3000 volts every month.
OK so -- a one way better than -- was and it's because people are now begin to understand what the card does.
I was just -- to show people the car hate hate glance what governor mark walk with me because I know you've got a special kind of cut out here and I love the show what this hour of the morning you know it's early out here in California.
We -- here at you know Jesus I don't know what time it was eastern time.
It was very early and as we talk here I just want to show you what the car looks like this is got a bigger batteries has got more range in the -- right what does not a pure electric basis but you know that the -- as well as its 400 miles totally with the -- this'll this'll be at the top of the class.
For electric vehicles pure electric vehicle sales got a battery and it's got.
A little drive unit right here 400.
Foot pounds of tort.
More than a Ferrari battalion 458.
More than a Ferrari California so this cargoes from zero to sixty.
And under eight seconds -- to -- issues I gotta ask you about one you know we've -- this fiscal cliff looming but are you able to if we go off the cliff Anderson huge problem with economic activity are you able to downsize your production you taken any steps right now -- -- guard on that prepare -- I think the fiscal cliff is the fiscal cliff OK but we are.
As a company at a breakeven point and -- very low industry rate so around eleven.
Million units don't have to sells many -- we we have an agility baked into that operational plan Jeff that we can flex it.
Depend on the economy.
Demand supply all that stuff so this industry in General Motors in particular in a supply -- are very different -- -- work.
Through four years ago I'm gonna ask you another issue what you and I stood on the floor New York Stock Exchange sometime ago they were put the stock price up so folks can see -- -- -- -- very proud that day I was well you should have been.
The stock is dot not a myself by the way bit of people the company you'd probably for both.
But the stock is not done much.
Is there any way that stock is gonna get traction.
While the government still has a quarter the company.
What you look at the -- over the last year we've outperformed some of our direct competitors in automotive soap.
You gotta look at this you know -- that apples to apples so I would say start with that number two.
The other there is the stock ownership of the government still there.
I can't decide when the candidate best I can only make money in North America we've done a good job at that I'm very proud of working you know sort of matter doubts about what does matter about the -- -- -- -- -- you got stock.
I mean I've got a lot of stock -- but what drives stock his performance in -- products and that's or don't mark course always great to talk to -- I leave you with a picture folks.
Electric I know digging you love electric cars so there you go I'll send us 12 yeah.
No they don't make enough noise the louder the better my -- and often when a Reuters car.
I -- take the ER off my car my.
-- on the windows while you're driving you make it -- doesn't respond yourself gonna -- thank you Jeff.
Just how Canada that's actually very check out in LA my car has beautiful -- that it does we're gonna go live to the White House.
