Look out, Toyota
Yesterday, the Duke of Detroit announced it's upping production on its Volt electric car to 60,000 units annually. Fed up with playing second fiddle to Prius, GM will take full advantage of the government's $7,500 tax credit for electric cars and grab as much U.S. market share as it can before Ford
And GM's picked a great time to grab the pole position in this race. Right now, Tesla
The road ahead looks clear for GM to grab the lead. Time to stomp on the gas ... then hit cruise control.
Will General Motors wind up in the winners circle, or end up in a ditch? Add it to your Fool watchlist, and find out.