News: Report: Gov't motors loses $49,000 on each chevy volt...

[hotmtrsports]

In Reuters:

GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...

By Bernie Woodall and Paul Lienert and Ben Klayman
Mon Sep 10, 2012 12:24am EDT

Insight: GM's Volt - The ugly math of low sales, high costs | Reuters

WOW!!!!

Chuck M

 

[catbert]

Forbes, a very Republican publication, says this:

The Real Story On GM's Volt Costs - Forbes


Lutz' recap:

"Maybe the Volt, a first-generation technology masterpiece and the most-awarded car in automotive history, will never make a really decent profit.

But succeeding generations of the same technology will. Meanwhile, the happy Volt buyers (most satisfied owners of any nameplate in the market) are getting more that they paid for. (Is that so bad?)
We won’t even factor in the profound halo effect the introduction of the Volt has had on GM’s reputation as a leader in environmental automotive technology; it’s priceless, and could never have been achieved without it.
So, once again, the knee-jerk Volt bashers, devoid of any real knowledge, have had their usual joyous verbal catharsis, but the car doesn’t care: The volumes are building globally and it’s doing exactly what it was designed to do."