“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. Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce. GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.”
http://www.reuters.com/article/2012/09/10/us-generalmotors-autos-volt-idUSBRE88904J20120910
Related posts:
A Secret Deal Between The DEA And Mexico's Sinaloa Drug Cartel?
Danish mayor and police at odds over cannabis approach
Homeland Security wants to monitor journalists. Time to sound the alarm.
Will NYC Get Its First Bitcoin ATM in 2014?
Nicaraguan army overruns neighborhood controlled by protesters
24 IRS workers in TN accused of theft
The student loan bubble is starting to burst
Iran to be hooked up to global banks in weeks; U.S. investors still banned
Jittery Spaniards Seek Safety in Bitcoins
Diversion of Bolivian president’s plane enrages Latin American leaders
Four suspected Egyptian militants killed in first confirmed Israeli drone strike
China market: Third-party e-payments top CNY1.5 trillion in 3Q13
3 NSA veterans speak out on whistle-blower: We told you so
UnitedHealth warns it may exit Obamacare plans
New Rochelle sued by veterans group over Gadsden flag removal