GM Loses $49k On Each Volt

[dBrong]

Reuters) - 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.

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.

http://www.reuters.com/article/2012/...88904J20120910

[Ken]

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.

On the face of it that seems like reasonable value for money - there is obviously a flaw somewhere as the customer doesn't normally get such a good deal.

Ken.

[dBrong]

I think the deal is that to get the 'Bail Out' GM is obliged to keep producing these ablatross 'Green' vehicles.