gm unveils its long-awaited hybrid. is 230 miles per gallon to be believed? >>> later, the kennedy who was being remembered tonight for the mark she left on the world. and. but how close are you to your goals? there may be more you can do. only caduet combines two proven medicines... in a single pill to significantly lower... high blood pressure and high cholesterol. in a clinical study of patients... with slightly elevated blood pressure and cholesterol, caduet helped 48% reach both goals in just 4 weeks. caduet is one of many treatment options, in addition to diet and exercise... that you can discuss with your doctor. caduet is not for everyone. it's not for people with liver problems... and women who are nursing, pregnant or may become pregnant. to check for liver problems, you need simple blood tests. tell your doctor about any heart problems... and all other medications you are taking... or if you experience muscle pain or weakness, as they may be a sign of a rare but serious side effect. how close are you to where you want to be? ask your doctor if cadu

. >> gm unveiled its newest car. >> a new details and the investigation of michael jackson's death and it could spell more trouble for his personal physician. >> a firefighter consulted at a group home. anne arundel county is calling . [ female announcer ] there are few guarantees in life. here's one for your skin that's clinically proven. olay professional pro-x wrinkle protocol is as effective as the leading wrinkle prescription brand at reducing the look of wrinkles. that's because olay has teamed with a highly specialized group of dermatologists and created a wrinkle protocol that gives you the results of the leading wrinkle prescription brand, without a prescription. olay professional pro-x. this is a guarantee you're guaranteed to love. >> general motors unveiled its new electric car today. it is powered by an electric motor and a small gasoline engine. >> it get 230 miles per gallon. brian morris has the latest. >> 230 miles a gallon, that is the jaw dropping bottom line for the chevy volt. >> three-quarters of americans drive less than 30 miles a day. >> the price tag is estima

. >>> in its latest move to reinvent itself, gm has unveiled a hybrid car that boasts unheard of fuel efficiencies. the chevy volt has an epa rating of 230 miles per gallon. that means it will get more than four times the mileage of the toyota prius, currently the most fuel efficient cars onhe road. the volt uses gas to power its electric motor. it can go a total of 300 miles before it needs to be plugged in. >>> some three quarters of americans commute fewer than 40 miles a day. most volt operators will operate it daily without a single drop of gas. chevy volt will hit show rooms by late 2010. it will be expensive with a $ w $40,000 price tag. >> that is some serious mileage there. >> you have to pedal like crazy, remember. >> your legs get a workout. >> i could get 300. >> busy tonight. >> yeah, some showers, thundershowers. another warm, humid night out there. but, fear not. not as hot, though still mighty steamy outside today. our high temperature today, yesterday, remember with the highest day of, highest temperature of the -- of the season so far. high temperature today. 93. we

gm is unveiling the new volt, chevy's new electric car.deliver 230 miles per gallon in city traffic. the first mass-produced car ever with a three digit fuel economy rating. >>> and in eastern thailand, rescue efforts for a baby elephant. somehow it got stuck in a manhole. take a look at this. it took three hours and an earth mover, but they finally got the baby elephant out none the worse for wear. >>> now let's head out to the plaza. lonnie quinn is out there with another check of the weather. it kind of looks like what harry and i did to you with the garbage can this morning as we stuck you in it. >> we haven't really had a chance to discuss that. we've got a nice looking crowd out here. this sign gets my attention. my name is sunday. i'm here on a tuesday to see "the early show." sundae, where are you from? >> i'm from rochester, new york. >> i notice it's not sunday spelled like the day of the week. it's sundae as in hot fudge. >> absolutely. that's the best kind. >> and she's a sweetie. there you have it. let's talk about the weather

gm is breaking ranks... and going on the offensive... unveiling its new product line up for the next 2 years.... something that usually doesn't happen well before the auto shows... it's gm's first announcement since restructuring... as the company tries to get people excited about its cars.. and industry experts say this time gm just may be abl to accomplish that. "the volt is becoming very real very fast." focusing on small cars.. cross overs... and fuel efficiency... is the new game plan for general motors... this week - gm touted 6 new models... that are on sale now.. or will be by the end of the year... they inclue: the buick lacrosse sedan... cadillac srx... and sts wagon...chevy camero.. chevy equinox and gmc terrain. from now until 2011 - gm will have a *total of 25 new car models... including 5 from cadillac... 10 from buick and gmc... and 10 from chevy... industry insiders say this new lineup has a good chance of convincing people to buy gm. once all old gm cars off lots.. new cars replace them.. consumers will see them as a new gm the new gm is also trying to drum up lots of hype for th

. >>> in its latest move to reinvent itself, gm has unveiled an electric car that boasted unheard ofhevy volt gets 230 miles per gallon, more than four times the mileage of the toyota prius hybrid, which is currently the most fuel-efficient car on the road. the volt only uses gasoline to power its electric motor. it can go a total of 300 milesre before it needs to be plugged into the wall. >> since three quarters of americans commute fewer than 40 miles a day, most volt drivers will operate on a daily basis without using a single drop of gas. >> the chevy volt will hit showrooms by late 2010. it's not cheap, though, with a $40,000 price tag. gm hopes the mileage will be worth it for consumers. sales, however, are not expected to help the troubled automaker repay the $50 billion taxpayer bailout it took earlier this year. >>> checking the top stories in the news for today. more troubles for metro. word that drugs may have caused an operator to make a dangerous mistake. the agency is investigating an incident late last month in which a train was allowed to leave the yard with too many

>>> gm pushing to stay number one and sony unveiling a new gadget today.ourtney reagan joins us with those stories. kor knee. >> stocks are lower. it looks like the dow is lower by more than 83 points after the markets posted a modest gain yesterday, asian fell overnight, europe as well. the u.s. economy lost 371,000 jobs last month according to the latest report from the adp. that was more than economists had been forecasted but considerably less than losses seen in recent months. the u.s. services economy contracted, so you know, it's sort of a mixed message there. not always the greatest thing to see partially why stocks are lower right now. we've been talking a lot about this cash for clunkers program and how much it's helped the automakers, but ford's north american sales chief says he doesn't expect sales to fall off sharply once the program ends, even if ford has benefitted the most of all, posting it's first monthly sales gain in two kweerz years. gm's chairman is laying down the lay. he says the automaker must not lose the number one spot in u.s.

. >>> general motors unveiled the new chevy volt on tuesday, a hybrid that gm says can go an amazing30 miles on one gallon of gas. there are some concerns though. the best batteries are expensive and limited to around 100 miles and takes 23 hours to charge on a standard wall socket. >>> and american express and discover customers will soon be free of fees for being over their credit limit both companies announced they will end charges that got widespread criticism from consumers. the move comes before new government regulations on credit cards take effect in february. >>> more cuts coming as maryland struggles with a major budget deficit. annapolis got the news yesterday that furloughs and job cuts are back on the table. the governor's staff says state agencies now have to take a close look at low priority programs and pathology resources and that -- and pooling resources and that includes personnel. >>> in this recession unemployment is a very real problem. as americans lose their jobs they are also losing health insurance. it's so prevalent co mscore says internet searches for cobr

gm set to unveil mileage ratings for the all-electric chevy volt. set to hit show rooms next year.e'll are the news when it hit shortly, expected to be well into the triple digits in terms of miles per gallon? >> way above 51. that's a lot. >> that is a lot. >>> berard madoff's cfo will be in court expected to plead guilty to fraud charges. dipascali. >>> per shing square capital has cut stake in retailer target president. 4.4% comes after pershing square lost that slate on the board. >>>. steve liesman is here with the numbers from the nfib. >> reporter: >> fell to -- where is is the exact number there? it's 88. >> 86.5. >> it's up -- it's down -- >> we've got it up. >> we'll check on that. down 5.5 point from -- it's still up 5.5 points from the march low. joining us now is the economist who puts all this together, also took a trip up to maine with us last weekend, phil dunkleberg. do you get the feeling things stalled out in july? >> that's what it looks like. we went flat and the main driver seems to be a loss this confidence about the economy. so we had a ten-point decline in

. >>> general motors unveiled a new program today that lets you haggle over the prices of new cars and trucks on ebay. and speaking of new, gm is also launching the new hybrid volt. abc's carla wohl has more. >> reporter: 230 miles per hour. >> reporter: with great ceremony, general motors unveiled the gas mileage of its new chevy volt, a jaw-dropping 230 miles per gallon. that's four times what the toyota prius gets. >> having a car that gets triple-digit fuel economy we believe can and will be a game- changer for us. >> reporter: and fresh out of bankruptcy, gm needs a game changer. the volt, due in showrooms late next year, is powered by an electric motor and a battery pack, and can be recharged from a standard home outlet at a cost of about 40 cents a day. a figure that sounds pretty good, especially as gas prices rise. still, analysts say that may not make up for its expected $40,000 price tag. >> i don't think this is a money-saving proposition for consumers. because there is a ton of vehicles that you can buy that are a lot cheaper that still get decent fuel economy. >> reporter: gm is also going online to ebay, exper

. >>> general motors has unveiled a car it claims can get triple digit gas mileage. gm says the hybrid chevy volt can go 230 miles a gallon in the city. the car runs on batteries for about 40 miles, then a gas engine kicks in to keep the batteries charged. the volt goes on sale late next year for about $40,000. >>> the financially strapped postal service is rolling out a new checks of commemorative stamps paying tribute to classic shows from the television golden age. they are now on sale. among them, "i love lucy" and "the honeymooners." >>> coming up on "good morning america," back-to-school shopping without spending a dime. how you can take your kids on a cash-free shopping spree. that is on gma. that is your "moneyscope report." i'm jeremy hubbard. >>> 6:24. we have a mix of clouds, a little sun and fog. more fog up to the north. more sun around the eastern shore. overall today's going to be a day that features more clouds, 85 on the low end of the two-degree guarantee, with scattered showers popping up this afternoon, even thunderstorms that could extend through th

at the official unveiling yesterday, general motors said the new chevy volt can get a whopping 230 miles a gallon. and gm hopes that will bring a surge of sales for the first ever hybrid that will plug right into the wall. those triple-digit fuel economy numbers will come at a price. 40,000 bucks for the volt when it hits the showrooms late next year, even with a $7,500 tax credit buyers will get. that's 10 to 15 grand more than the prius or insight. >>> a time when credit card companies are hiking fees, discover and american express plan to stop charging them when consumers spend past their limits. the move comes six months before a new law clamps down on such fees. >>> a small black bear walked through the front door of mark richard fine's outer wear store last night. the owner thinks the bear was chased into the store by people trying to take pictures of it. the bear browseded through store aisles and posed in the store wind. he left without damaging anything in the store. michelle, that's a relief. >> outer wear store, nonetheless. >>> just ahead on the "morning news," fierce flooding in taiwan. plus

gm has competition. nissan is set to unveil its new all-electric leaf next year, while honda will roll out the hybrid gasctric insight. the leaf promgss to get more than 350 miles to the gallon. both are expected to cost between $10,000 to $15,000 less than the $40,000. tech gurus in silicone valley took the electric plunge earlier, rolling out world's first electric car, the tesla. the car was recently marked down to a price range between $50,000 to $60,000. a far cry from the faster and more expensive model we saw just two years ago but when it comes to bailing out an industry in the midst of the worst financial crisis in 50 years, electric cars may not be the silver bullet. it's important to know that gm is not expected to make money off the volt any time soon. they're expected to roll out only 60,000 units by 2013 and analysts don't expect to it become mainstream until 15 to 20 years from now. this is just the beginning. >> the numbers have been selling, 60,000 has t sound good. dleents a mile what is it pays to operate this mile. look at that, the future today. >> few tu's here. >> bianna, thank you

the company unveiled new details about the chevrolet volt, including the expected price. >>> you couldn't miss the headlines. gm'sd electric car promises 230 miles per gallon in city driving. >> having a car that gets triple digi -- digit economy, we believe will be good for us. >>> the plug-in battery lasts up to 40 miles. on a highway, that gets used up quickly. and a gasoline engine takes over. >> you can charge the volt at night. which means a full fort-minute charge of the volt will cost about 40 cents. >>> people may find the $40,000 price tag too steep, which is why the industry doesn't think the new car will save gm, but at least polish its image. >> it is a big step, as far as pride, showing, look, we stepped ahead of toyota. or we've stepped ahead of honda. >> reporter: gm has already stepped it up for month lingsz. the challenge was a car that running on kilowatt hours. >>> office the equivalent of getting this. >> it will be four times the fuel champion, the toyota prius. luxury lex, wjz eyewitness news. >>> gm officials say the bolt's price tag may drop with 40 models. >>> after 72 years, fans will h

unveiled today, including the price. here's the latest with all the specifics. >> you couldn't miss the headlines. gm'slong awaited electric car promises 230 miles per gallon in city driving. >> having your car that gets triple digit fuel economy, we believe, can and will be a game changer for us. >> the chevrolet volt is scheduled to start production late next year. the plug in battery lasts up to 40 miles. on a highway, that gets used up quickly and a gasoline engine takes over to power the car and recharge the battery. >> you can charge the volt at night, r off peak for about 5 cents per kilowatt hour. which means it will cost about 40 cents. >> even with the savings on fuel, people may find the $40,000 price tag too steep, which is why the industry doesn't think the new car will save gm, but at least polish its image. >> it is a big step as far as pride, showing that look, we are ahead of toyota. we are putting out a plug in electric vehicle. >> gm has been talking it up for months. the challenge was rating a car that runs on kilowatt hours and gas pump society understands. >> it is the equivalent

. >> general motors unveiled a partnership with ebap, allowing consumers to buy new gm vehicles fromalers online. is buying a car online a good deal? here's vera gibbons. >> good morning, harry. >> this means i can go on ebay this afternoon. if i bid 45 bucks i can get my new cobalt? >> no. you go to ebay.gm.com. you can buy it at the dealer's special price, a fixed price. or click on the make an offer where you make the best offer. the dealer can then accept the offer, reject the offer, or start the whole negotiation process over. >> there are plenty of caveats once you get through this part, right? >> it's only in california right now. they're trying it out. california is the largest car market. that's where the tech savvy consumers are. they're trying it there. they'll roll it out nationally if it works. it's limited to just california. if it rolls out nationally, great. you'll have to pick up the car yourself or arranged to have it shipped to you. >> is there any traditional ebay element in this? that whole idea of, you know, i'm going to bid and then watch it change? okay, i'll

gm is not the only auto maker developing an electric car. this is the nissan leap. the electric car coming out next year. they unveiled it in tokyo. home about a week ago and it's an electric car and the range here is 100 miles. keep in mind it's different than the volt. the volt has a small gas engine that will work as an assist. completely electric. >> thank you, but phil is going to stay in the conversation. the government -- that may be me. the government hopes $2.4 billion in grans will help gain an edge in the way to develop the electric car batteries. we will focus in on it today. are we too far behind? are we trading one foreign addiction for another? chairman and ceo and it's a battery company here in the u.s. that is one of the recipients of one of the federal monies. yawn is with us and clean technologies and materials and capital markets. let's start with you looking at the list of u.s. companies. it got awards for the governments. this is a tough one. we want the jobs here and obviously most of the technology appears to come from outside the u.s. particular places like korea. korean companies setting up subsidiaries i