Dow Jones hits 23,000 as melt up continues >>> READ MORE

PHOTO: Chevrolet Debuts 2015 City Express Van

GM targets small businesses with the new model


General Motors (GM) today will reveal its 2015 Chevrolet City Express Van, targeting small business owners with the new, sleek model.

The City Express Van comes with tie-down straps, side glass options and numerous spots of interior lighting with 122.7 cubic feet of cargo space.

The van is based on the Nissan NV200, but Ed Peper, vice president of GM fleet and commercial sales, says the look is “entirely Chevrolet.”

“We see a great opportunity for us in the commercial and small-business space for this vehicle,” Peper told the Detroit News, adding “the City Express would be good for florists or computer repair companies.” (via the Detroit News.)

GM chose to partner with Nissan to get a vehicle out quickly. The segment has been dominated by Ford Motor Co.’s Transit Connect, but will grow to include four models by the end of the year, including the NV200 and the 2015 Ram ProMaster City, based on the Fiat Doblo.

Last year, Ford sold 39,703 Transit Connect vans, up 12.7 percent, while Nissan sold 4,619 NV200 vans. The Nissan went on sale in April.

Chevy has not yet set a price on the City Express Van, but expect it to be competitive with other similar models.

The 2014 Transit Connect starts at $23,000; the 2014 NV200 starts at $21,000.

GM stock is down 14% year to date.

More General Motors News

GM Stock Falls on Big Profit Miss by General Motors
GM Stock: Is General Motors a ‘Dividend Stock’?
Under New CEO, GM Stock Looks Great Heading Into 2014

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC