Chevrolet Press Conference at 2012 L.A. Auto Show +VIDEO

LOS ANGELES, CA - November 28, 2012: Mark Reuss President, GM North America introduced the new Chevrolet Models at the 2012 LA Auto Show, the following is a transcript of his remarks:

"Good afternoon. Glad to have you with us.

2012 is turning out to be another great year for Chevrolet… and 2013 promises to be even bigger. We'll be launching 13 new models next year -- including the all-new Silverado and Impala.

It all starts January 13th when we introduce the next generation Corvette in Detroit.

All I can tell you right now is that the new Corvette will offer an entirely new driving experience - one that's refined, and redefined.

There are just a handful of engineers authorized to drive the Corvette test vehicles on our proving grounds . And you can tell right away which ones they are - they're the ones wearing permanent smiles.

Watch the complete Chevrolet Press Conference

And now everyone can get in on the fun.

Starting today, everyone can drive a camouflaged Corvette test vehicle… on Sony PlayStation's Gran Turismo 5.

This is the first time the game's designers have worked with a car manufacturer to deliver an authentic driving experience before a car even gets to production.

It's a great opportunity for customers, enthusiasts and gamers alike.

I'd like to thank the developers of Gran Turismo for helping to make it happen. In fact, I'll do that right now, in person.

We're delighted to have the creator of Gran Turismo here with us today… and I'd like to introduce him to you. Please welcome the President of Polyphony Digital and professional racecar driver… Kazunori Yamauchi.

Konnichiwa. It's great to have you with us.

You know, it's not often that we invite someone from outside the company to get up-close and personal with a vehicle before it's revealed.

But we wanted to do something special with the new Corvette, and youare the one guy who could do it. So thank you very much.

KAZUNORI(Yamauchi - President, Polyphony Digital)

Thank you, Mark.

I was very honored to be one of the first test drivers of the new Corvette.

Its handling, speed , styling and refinement are a perfect fit in Gran Turismo.

I hope all Gran Turismo players will enjoy test-driving the new Corvette as I did .

You can start downloading the camouflaged Corvette at the PlayStation Store right now.

MARK

Thanks Kazunori.

I'm glad you could join us today.

As you just heard, you can start downloading the camouflaged Corvette right now.

We have some game consoles set up here in the booth so you can check it out yourself later on.

While we're all eagerly awaiting the new Corvette, Chevrolet's other passenger cars are making quite an impact right now… both in the marketplace , and in third-party recognition.

Cruze sales alone were up 34 percent in October… and Cruze, Sonic and Volt were all named "Recommended Buys" by Consumer Reports.

And we just found out that more good news regarding the Volt will be announced tomorrow.

The Chevrolet Spark has also been making a big impression. It's exceeding our sales targets in all 18 launch markets… including right here in LA, our largest market.

Today's Spark is easy to drive, easy to park and easy to own.

To me, it has a great look inside and out.

Plus it's loaded with Hi-Tech features like the MyLink radio with phone-based apps, - hands-free calling, a 7-inch color touch screen and now SIRI voice-recognition.

But we wanted to take it one giant step further , so we're proud to present… the Spark EV.

PAMFletcher - Executive Chief Engineer for Electrified Vehicles)

Good afternoon! I'm thrilled to be here and to introduce Chevrolet's first pure electric vehicle… The Spark EV.

It's a fun city car with all the benefits of an electric car... including HOV lane access here in California… the Federal tax credits… plus it's a spirited, fun-to-drive car with really great performance…and an electric range that's among the best in its class.

It also benefits from the technologies and experience of its big brother, the Chevrolet Volt.

The engineering team was able to reduce development time and cost by using many of the same components and systems from the Volt.

But unlike the Volt, the Spark EV always draws its electricity from its advanced lithium-ion battery pack, rated at more than 20 kWh.

The electric drive unit was designed by GM and will be built in our Baltimore, Maryland transmission plant starting in early 2013.

Combined with the permanent magnet motor, Spark EV will produce an estimated 100 kW or 130 horsepower of peak power… with instantaneous torque of 400 pound-feet.

That's more torque than the Porsche 911 and Ferrari 458 Italia.

So you can see how it translates into quick acceleration, going from 0-60 in under 8 seconds! That easily beats the Nissan Leaf -- and makes you look for a reason to take it out for a drive.

You can charge the battery on a standard 120-volt household outlet, or a dedicated 240-volt charger.

And Spark EV will be the first vehicle on the market to use the new SAE combo charger for DC Fast Charging.

Available soon after launch, the DC Fast-Charge allows for an 80% charge in just 20 minutes -- not much longer than it takes to fill up a regular Spark at a gas station.

And like the regular Spark, the Spark EV will be easy to drive, easy to park, and easy to own.

Retail pricing will start at less than $25,000 after federal tax incentives.

Subtract the price of gasoline and the cost of ownership is about the same as a regular Spark.

That helps make the Spark EV a real-world option for urban customers looking for a fun, emissions-free alternative.

As previously stated, we will be selling Spark EV in California starting this summer… and I'm pleased to announce it will also be available in Oregon… as well as in South Korea, Canada and other global markets to be announced later.

The Spark EV represents another step in Chevrolet's plan to provide a variety of solutions to address the lifestyle and transportation needs of customers here in California and around the world.

Thanks for joining us here today.

Now I'd like to ask Mark and Kazunori to join me back on stage -- and I invite you all to come up to take a closer look."