north america president mark reuss at the los angeles auto show. g.m. unveiled its first all- electric plug-in at the show, and, as diane eastabrook tonight, the company hopes the spark can give the electric vehicle business the jolt it needs. >> reporter: the chevrolet spark e.v. will hit showrooms in california and oregon next summer. engineers are still testing the pure plug-in so general motors can't say yet how many miles the sub-compact will get on a single charge. what it can say is new technology will allow for faster charging. the spark won't be cheap. with tax incentives, the car's sticker price will be about $25,000, double the price of the gas-powered version. >> when you look at the functionality that this vehicle has and the range we offer-- which we believe is the top of its segment-- it is going to be extremely competitive from a price perspective. you're always going to pay more for an electric vehicle than you would for a traditional vehicle with a gas engine. >> reporter: general motors has placed a huge bet on electric vehicles, hopi

house budget committee member republican congressman jim lankford from oklahoma and phil lebeau has mark reuss live from the auto show and we'll look at where we get with another implied open down. a few of these in a row now. "squawk on the street" back in a minute. from local communities to local businesses. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. >> shares of groupon rising. the company due to meet this week to discuss manage