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(Image from article: "G.M. Says Volt Will Get Triple-Digit City Mileage")

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GM drops U.S. loan application after turnaround

General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles.

G.M. Puts $41,000 Price Tag on the Volt

The carmaker has begun taking orders for the plug-in vehicle, which is expected to be at dealers in November.

G.M. Says Volt Will Get Triple-Digit City Mileage

In the city, most drivers will rely on the rechargeable battery and should get at least 230 miles per gallon, G.M. said.

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