The Chevrolet, also known as Chevy, is a brand of vehicle produced by General Motors Company (GM). Founded by Louis Chevrolet and ousted GM founder William C. Durant on November 8, 1911, Chevrolet was acquired by General Motors in 1917. Chevrolet was positioned by Alfred Sloan to sell a lineup of mainstream vehicles to directly compete against Henry Ford's Model T in the 1920s, with "Chevrolet" or "Chevy" being at times synonymous with GM. In North America, Chevrolet offers a full range of automobiles, from subcompact cars to medium-duty commercial trucks.
Future cars and development
The Chevrolet division is currently recovering from the economic downturn of 2007-2010 after sales of GM vehicles plummeted and the company had to create more fuel efficient vehicles in order compete with foreign automakers like Toyota, Honda, and others.In late 2010 General Motors began a small production of the plug-in electric car, the Chevrolet Volt, and production numbers may reach 60,000 in 2012. Chevrolet is starting a second generation Aveo which will be released in the summer of 2011. The Aveo will also feature the sport version of the car, the Aveo RS. At Auto China in 2010 General Motors showed the Volt MPV5 concept, an MPV based on the electric Volt sedan. The Volt MPV5 is also electric with a range of 32 miles (51 km). In fall 2010, Chevrolet revealed a concept which later was trademarked, a Cruze hatchback.
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