Monday, September 10, 2012

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

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


 General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn't a good thing for the automaker's bottom line.

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.

YOUR TAX DOLLARS AT WORK ... AND MORE! IN MORE WAYS THAN ONE YOU'RE PAYING FOR THIS MODERN DAY EDSEL!

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