. 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 since each rolled off the production line posting up to of a $49,000 loss.
GM’s “path-breaking plug-in hybrid” touted by GM and President Obama during the auto-bailout, after two years in production, costs the company about that much for every Volt it manufactures, according to experts.
The enormous losses might explain why the Volt plant was recently retooled to build other GM products, according to a Reuters report.
Gotta love it - GM had been behind the curve on every major car innovation over the last 40 years. They're finally investing with long term vision and people are killing them over short term losses.
Dumbasses.
Hybrids have been around for a while. Why is GM, specifically, losing so much monehy on them?
It costs 89k to produce and the base price is 40k.
Also you can lease one for 2 years @ 5k.
What a remarkable ability to miss the point of the question.
Did you also know that 7 out of every 10 Chevys are made outside the US? And that Chevy is moving thousands of jobs to China?
What a remarkable ability to miss the point of the question.
Lolz
Learn to make statements if you have a point to make.
Do not cross the almighty One Brow.
My rhetorical question was sufficient for those that have the wit to understand the issue, and for those without, no statement would ever suffice.
I don't think framing "all envirowaco inspired hybrids are dismal failures like Solyndra" as a rhetorical question is as witty as you think.